Most things in life come in different varieties. There are low cost blue jeans and there are jeans that cost $1,000 or more per pair. Cars can be bought for $1,000 or $200,000 depending on the buyer's ability. Loans also are offered in different varieties. For the borrower that wants the very best, the conventional mortgage is the exquisite loan.
High Requirements
First and foremost, the conventional mortgage has the highest requirements of any current mortgage. These loans require customers to have almost perfect credit, extremely stable employment history and a strong income compared to their existing debts. These are normally called the “A†customers.
Best Features
Just as a restaurant or hotel treats its customers the best, conventional mortgage customers are treated the best. They receive the absolute best rate currently available. And the rate is not confined to just a 30 year mortgage. They can get the best rates on any fixed term loan.
Best Return
Since these borrowers are getting the best loans with the lowest rates, it also means they are reaping the rewards of the best return on their money. Paying a smaller interest rate means they will pay less money in overall interest over the term of the loan. It also frees up their money to invest in other areas.
If you have a strong credit profile, healthy income and stable work history, you owe it to yourself to consider a conventional loan. Your hard work and dedicated efforts will result in numerous financial benefits for years to come.
For additional information, visit our conventional page of our website. If you have questions or want to see if you qualify, contact me below or apply online!
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