Define conforming and non conforming elements.
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A non-conforming mortgage may be for a higher amount than the limit set onconforming loans. In some instances the term may also refer to a loan where the borrower has credit issues or unusual documentation.
Non-conforming loans generally have higher interest rates and you may need to put down.
Non-conforming loans generally have higher interest rates and you may need to put down.
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1. THE NON CONF0RM MORTGAGE IS A HIGHER AMOUNT THAT OF THE LIMET SET LOANS
2. THEY HAVE A HIGHER INTEREST RATE
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1. THE NON CONF0RM MORTGAGE IS A HIGHER AMOUNT THAT OF THE LIMET SET LOANS
2. THEY HAVE A HIGHER INTEREST RATE
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