Mortgage Forum
Conv Loan
This is a topic titled Conv Loan made in the Mortgage Talk section, belongs to our Mortgage Chat category; Could anyone please explain to me what is a 30 year Conv w/ PMI means? What is the Conv meaning?...
| |||||||
| Members List | Search | Today's Posts | Mark Read |
May 15th, 2008, 06:41 AM
| #1 |
| Senior Member Registered: Apr 2008
Posts: 1,497
|  Conv Loan Could anyone please explain to me what is a 30 year Conv w/ PMI means? What is the Conv meaning? Last edited by Mike; May 15th, 2008 at 08:51 PM. |
|  |
|
May 15th, 2008, 09:00 PM
| #2 |
| Administrator  Registered: Jan 2008
Posts: 15,115
| The Conv signifies a Conventional Loan, and the PMI is a slightly separate thing but just means in this case the Loan Is a 30 Year Conventional Loan with added PMI which is Private Mortgage Insurance. The Private Mortgage Insurance just insures the lender in case you default. |
|
| |
 |
| Tools | |
| Display Modes | |
Linear Mode
| |
Board time is 06:16 PM Which is GMT -7
