Sentences with conventional mortgage
con·ven·tion·al mort·gage
C c - At 10 percent interest, $250 a month will support a 30-year conventional mortgage worth nearly $28,500.The average rate on a 30-year conventional mortgage in New York state was 10.04 percent.A conventional mortgage is a fixed rate mortgage with a standard term of 15, 20, or 30 years.
- MortgagesAn ARM is a type of mortgage where the interest rate may change according to changes in other rates and a balloon mortgage is a mortgage in which you make small payments over a period of time and repay the balance in one large final payment.A HELOC is an additional loan secured by a residence as well as the original mortgage, whereas a reverse mortgage is a mortgage on a paid-off property that provides money to an older retired person, to be paid back when the property is sold or when the person dies.