Conventional Loans

A conventional loan is any mortgage which is not guaranteed or insured by the federal government (Canada Mortgage and Housing ).

Conventional loans may be “conforming” and “non-conforming”. Conforming loans follow the terms and conditions set by Canada Mortgage and Housing. Nonconforming loans don’t meet Canada Mortgage and Housing qualifications, but are also considered conventional.

Want a bit of insight in to the process? Check out the information here.