What Are Conforming Vs. Nonconforming Home Loans?
Let’s face it, talking about loans and buying a new home seems all very grown-up, doesn’t it? There comes a time when we all want to gain our independence and own something which we can call our own, but navigating your way around the terminology can be confusing to say the least. Two of the terms you are likely to come across are conforming mortgages and nonconforming mortgage loans.
Our aim is to explain these terms (and others), clearly and concisely so that you can be well-informed when making your decisions about a loan which will be part of your life for a considerable length of time.