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Simple English definitions for legal terms

conventional loan

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A quick definition of conventional loan:

A conventional loan is a type of mortgage that a person gets from a bank or other financial institution. It's not backed by the government like some other types of loans. When someone gets a conventional loan, they transfer the title or lien of their property to the lender as security for the loan. They make regular payments of both principal and interest until the loan is paid off. This type of loan is often used for buying a home.

A more thorough explanation:

A conventional loan is a type of mortgage that is not backed by government insurance. In this type of loan, the borrower transfers a lien or title to the lending bank or other financial institution. These mortgages typically feature a fixed periodic payment of principal and interest throughout the mortgage term and are commonly used for home financing.

Example: John wants to buy a house and applies for a conventional loan from a bank. The bank approves his loan and transfers the title of the property to John. John will make fixed monthly payments of principal and interest to the bank until the loan is fully paid off.

This example illustrates how a conventional loan works. The borrower receives a loan from a bank or financial institution and transfers the title of the property to the lender as collateral. The borrower then makes fixed monthly payments until the loan is fully paid off.

conventional law | conventional mortgage

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18:44
i hope i am remembering it way worse
18:44
lmao yeah i think in most circumstances you shouldn’t cancel cuz they might assume the score is worse than it was
18:45
remembering the lsat?
18:45
yur
18:45
I’ve been doing that too you’ll be fine
18:45
i just saw that some kids a year below me in high school are starting at good ass schools too fuckkk
18:46
what are good ass schools to you?
18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
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19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
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