Archive for: November 30, 2006

Cnonventional is not insured or guaranteed by the federal government.  Ther are two types of conventional loans conforming and non-conforming.  A conforming loan is one that follows the underwriting guidelines of Fannie Mae and Freddie Mac. Conforming loans have 3 …

These are not primary and second mortgages.  Primary mortgage lenders deal directly with you the public.  They originate loans and then lend you the money.  They sell the mortgage notes (in a large package - meaning more than one loan together) …