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Saturday 17 December 2011

Mortgage: What Is A Conventional Mortgage?

A Conventional Mortgage means:

1/  The mortgage amount is 80% or less of the market value or the purchase price of the house, whichever is lesser.

2/  Mortgage Insurance is not required.

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.