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conventional mortgage loan. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Noun
conventional mortgage loan (plural conventional mortgage loans)
- (US, finance) A fixed- or adjustable-rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the federal government (such as FHA or VA). (Source: Office of Thrift Supervision )