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Even if you are just starting out on the journey to homeownership, you have likely heard about two of the most common mortgages: conventional and non-conventional. A conventional loan or mortgage is not backed by the government, whereas a non-conventional loan or mortgage is. Depending on your specific situation as a buyer, each of these mortgages will provide you with different advantages and disadvantages.
Wondering which option is right for you? In this guide, we cover the differences between conventional and non-conventional mortgages.