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Because of the lack of insurance or guarantee by a government agency, the risk to a lender is greater for a conventional loan than for
Because of the lack of insurance or guarantee by a government agency, the risk to a lender is greater for a conventional loan than for a non-conventional loan. This risk is usually reflected in
stricter requirements but lower interest rates.
less flexibility in terms.
higher interest rates and stricter requirements.
less flexibility in rates and fees.
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