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Best Nationwide Loans
620 NewPort Center Drive, Suite 1100
NewPort Beach, CA 92660
Toll Free: 888-801-3000
Fax: 949-313-1292
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RD Glossary - Conventional Mortgages
- A type
of mortgage in which the underlying terms and conditions meet
the funding criteria of Fannie Mae and Freddie Mac. About 35-50% of
mortgages, depending on market conditions and consumer trends, are conventional
mortgages. In other words, Fannie Mae and Freddie Mac guarantee or
purchase 35-50% of all mortgages. Conventional mortgages may be fixed-rate
or adjustable-rate mortgages.
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Today's Rate |
4.625%
Fixed Rate |
| * 4.881% APR. The displayed annual percentage rates (APRs) include total Points and additional prepaid finance charges but do not include other Closing Costs. On adjustable-rate loans, rates are subject to increase over the life of the Loan. |
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