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Which type of loan is not secured by a government entity and usually has the best rate and term?
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Which type of loan is not secured by a government entity and usually has the best rate and term?

User Peter Radocchia
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1 Answer

3 votes

Answer: Conventional Mortgage

Explanation:

A conventional mortgage or conventional loan is a home buyer's loan that is not offered or secured by a government entity. It is available through or guaranteed by a private lender or the two government-sponsored enterprises—Fannie Mae and Freddie Mac.

User Moody
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