Conventional Mortgage

Conventional Mortgage refers to a mortgage for less than 75% LTV (Loan To Value). These mortgages don't need to be insured although some banks still protect themselves with mortgage insurance.

These conventional mortgages can be used for people that will have 25% or more equity in their homes or for some properties that aren't residential but aren't necessarily commercial in nature. For example:
• Income properties, rental properties, duplex, triplex, etc.
• Cottages and vacation properties - Now up to 95% Loan To Value!
• Farms and agriculture properties
• Mixed use residential and commercial properties