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Home conventional mortgage loan

The home "conventional" mortgage loan is the "plain vanilla" type of mortgage loan you can get when you make a down payment of 25% or more of your home real estate's value.

Conventional mortgages are chalk full of coolness. When you get this mortgage type, you'll only have a teeny mortgage loan principal (the amount you borrowed) to pay off. And teeny principals are very very cool.

Be choosy enough to get a conventional mortgage loan. With the itsy bitsy principal it provides, you can own your home or multi-residential real estate sooner than with other types of mortgage loans. And with a smaller borrowed amount to pay off, it can be very easy to have your home mortgage loan payments equal your current rent payments. Also, an easy-to-pay-off weenie principal can let you start to make pure profit from renting out houses and multi-residential home real estate, sooner than with other types of mortgage loans.

Considering debt consolidation using a conventional mortgage loan? Your principal can be rid-of speedily, so your home mortgage loan debt can be paid back faster than a credit card or loan debt.

Chasing equity take out? This mortgage's "conventional nature" will give you cash out of your home property with a shrimpy principal that can be paid off fast.

Craving a line of credit? With the mini principal this mortgage will give you, your home mortgage loan debt can be paid back faster than a bank line of credit.

Choose this mortgage loan type! Fill out the home mortgage application now!

Learn about the rates, payments, amortization and terms for home conventional mortgage loans

Rates for conventional mortgages

For conventional mortgage loans, you can get these institutional rates:

• Fixed rates
• Adjustable rates
• Capped rates
• Convertible rates

And you can get these private rates:

• Fixed rates
• Adjustable rates
• Convertible rates

Payments for conventional mortgages

Whether you use an institutional or private lender, you can pay off conventional mortgage loans with:

• Interest only payments
• Straight-line principal reduction payments
• Constant payments

Amortization for conventional mortgage loans

You can get an amortization of 5-25 years for this type of mortgage loan, whether you use an institutional or private lender.

Terms for conventional mortgages

Which terms can you get for conventional mortgage loans?

If you use institutional lenders you can get:

• Short terms (6 months to 5 years) - with a 5 year term length being the most common
• Long terms (6 years to 18 years)

If you use private lenders you can get:

• Short terms (6 months to 5 years)
• Long terms (6 years to 18 years)

Need definitions of some mortgage loan terms? See the mortgage glossary.

Find out more information about conventional mortgage loans by contacting The Mortgage Store Online's brokers. Just use the contact form or call them at 1-866-880-2577.

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