Conventional Mortgage: A mortgage loan not insured by HUD or guaranteed by the Veterans' Administration. It is subject to conditions established by the lending institution and State statutes.
Debt Consolidation using a Home Equity Line of Credit Using a home equity line of credit (HELOC) to pay for your debt is a well known approach to solving one's debt problems. Find out what are the exact terms, advantages and disadvantages of a HELOC loan.