What is a conventional mortgage?
A conventional mortgage has a loan-to-value ratio equal to or less than 80%. For example, if your property is worth $500,000, a conventional mortgage would be no greater than $400,000 or 80% of the appraised value.
A conventional mortgage has a loan-to-value ratio equal to or less than 80%. For example, if your property is worth $500,000, a conventional mortgage would be no greater than $400,000 or 80% of the appraised value.