Conventional Mortgages

This is the most basic type of home mortgage loan.

This type of loan carries a fixed or variable interest rate.
The monthly principal and interest payments, established at closing, remain the same throughout the duration of the loan.
The Borrower can choose the terms of repayment for the principal and interest on the loan, opting for lower payments over more years, or larger monthly payments over fewer years.
Down-payment requirements can be as low as 5%.
Generally, conventional loans do not have a pre-payment penalty.

Call 734-260-2660 or email me today to see if Conventional loan is right for you.

Find out what to bring to a mortgage application appointment!

click to close page