MORTGAGE ADVICE

What Exactly is a ‘Government Backed’ Mortgage?
One may or may not be familiar with the term ‘government backed’ but it might be a bit confusing at first. First, what it’s not, isn’t a guarantee someone is going to get a mortgage because it’s backed by the federal government. These types of mortgages are differentiated from so-called ‘conventional’ mortgages. A conventional mortgage is one where the individual lender assumes all the risk
...David Reed
Writer
David Reed is a multi-published author and mortgage expert. As a Senior Loan Officer and Mortgage Executive he closed more than 2,000 mortgage loans over the course of more than 20 years in commercial and residential mortgage lending.