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conventional mortgage

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Financial Dictionary

Conventional Mortgage

A mortgage that falls within Fannie Mae guidelines, and covers loans up to predetermined amount.

Investopedia Commentary

These guidelines are sometimes adjusted up or down.

Related Links

Understanding Your Mortgage
Shopping for a Mortgage

See also: Conforming Loan, Fannie Mae, Mortgage

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Legal Dictionary

Main Entry: conventional mortgage
see MORTGAGE
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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