Conventional mortgage

Definition 1 A Mortgage in which the Interest rate does not change during the entire Term of the Loan. also called Fixed-Rate Mortgage (FRM). Definition 2 A Mortgage that is not Insured or guaranteed by the government, as opposed to a government mortgage.

Related Terms: 13 Call, Fixed-Rate Mortgage, FRM, FIN, Guarantee, Insured, Interest, Interest rate, Loan, Mortgage, PPO, Ring, Term

Other Related Pages: Category: Real_Estate Starting With: C

Additional Related Terms: 12b-1 funds, Adjustable rate, Accrual of discount, Accrued interest, Amortization of premium, At par, All or any part, At best, At call, Adjustable rate preferred stock