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Morgage Morgage Application Form in Richmond Bc

Morgage Morgage Application Form in Richmond Bc

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Instructions and help about Morgage Morgage Application Form In Richmond Bc

our question comes from Alex in Michigan what's the difference between a home mortgage through a bank or a credit union in getting a mortgage to a mortgage company it might be no difference depending on how your bank or credit union did the mortgage there are three types of mortgages that are called conforming mortgages Fannie Mae which is conventional FNMA conventional loans FHA and VA Federal Housing Administration the Veterans Administration conforming means that each of those contendere making a VA loan that they want the Veterans Administration to insure has to conform to a set of Veterans Administration guidelines so all VA loans have conformed to a certain lending process then they can be packaged together and sold in blocks so you could take two take five $200,000 VA loans package them together as a million dollar block and sell them as a block that's called securitizing a mortgage okay same thing with a Fannie Mae loan all Fannie Mae loans follow the same guide

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