Tweet
What is a Non Conforming Loan?
Answer
A non conforming loan is a loan that fails to meet specific bank specifications. Non conforming loans are usually more obtainable for people with bad credit than conforming loans, but they usually have a higher interest rate. For more information, look here: http://en.wikipedia.org/wiki/Non-conforming_loanAsk.com Answer for: what is a non conforming loan
Q&A Related to "What is a Non Conforming Loan?"
|
A non conforming loan is a loan that fails to meet specific bank specifications. Non conforming loans are usually more obtainable for people with bad credit than conforming loans,
http://answers.ask.com/Business/Real_Estate/what_i...
|
|
It's easier to qualify for a nonconforming mortgage than a conforming loan. For example, for those wanting a conforming loan, housing expenses cannot exceed 28 percent of their monthly
http://www.ehow.com/about_6062372_non_conforming-m...
|
|
A conforming loan is a mortgage loan that meets the underwriting guidelines, loan amount limits, and other parameters. Conforming loan limits change annually.
http://answers.ask.com/Business/Finance/what_is_a_...
|
|
A conforming mortgage is a loan that meets the standards to be insured and/or purchased by the government-sponsored companies Fannie Mae and Freddie Mac. A major restriction on conforming
http://www.ehow.com/info_7735636_jumbo-conforming-...
|
Similar Questions
Wikipedia on Ask.com
A non-conforming loan is a loan that fails to meet bank criteria for funding.
Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient...
Top Related Searches