Does A Conventional Mortgage Mean That I Don’t Have An Adjustable Rate.?
Yes, it is a fixed rate where you generally have made a 20% down payment.
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Sorry, I have to disagree. A conventional mortgage can be an adjustable rate. A conventional mortgage is one that is not a jumbo or a government loan. So, it can be a 30 year fixed rate less than $417,000 (in most areas), or it can be a 5/1 ARM for the same amount as long as it isn’t a government loan.