florida: VA Loan Approval Requirements Sarasota, Florida
- 02/15/17 08:55 AM
In today’s mortgage marketplace there are two primary categories of mortgage loans. Those two categories are conventional and government. A conventional mortgage is one where the lender assumes the risk while a government loan contains an inherent loan guarantee to the lender. Should a lender issue a government loan and the loan goes into default the lender receives compensation for some or all of the loss, depending upon the loan program. A government loan doesn’t mean the government issued the loan but does issue a guarantee to the lender who owns the loan. There are three government-backed loans are the VA, … (0 comments)
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In today’s mortgage marketplace there are two primary categories of mortgage loans. Those two categories are conventional and government. A conventional mortgage is one where the lender assumes the risk while a government loan contains an inherent loan guarantee to the lender. Should a lender issue a government loan and the loan goes into default the lender receives compensation for some or all of the loss, depending upon the loan program. A government loan doesn’t mean the government issued the loan but does issue a guarantee to the lender who owns the loan. There are three government-backed loans are the VA, … (0 comments)
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