Conventional Mortgage (aka: Low-Ratio Mortgage)
A mortgage that provides financing for up to 80% of your property’s value. A Conventional Mortgage does not require mortgage default insurance. However, borrowers will be happy to know that if a lender decides to insure a Conventional Mortgage, the cost is borne by the lender, not the borrower.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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