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Traditional Loans

 Scott Gibson

Understanding APR on Loans

The APR (annual percentage rate) on a loan is the total cost of borrowing money. Understanding APR is crucial when applying for a mortgage, personal loan, credit card, or real…

 Scott Gibson

What Is a Conventional Loan?

A conventional mortgage loan is a type of financing offered by private lenders. Also called a conforming conventional loan, the mortgage meets the requirements for government-backed loans like Fannie Mae…