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4.8 To invest the monies of the Association not immediately required for any of its objects in such manner as the Board of the association sees fit. 4.9 To borrow or raise money by mortgage or otherwise and on such security and in such manner as the Board of the Association shall think fit, subject however, to the provision of Rule 18.4.
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Conforming and conventional are two different terms used to describe mortgages that you can obtain to purchase a home. Their definitions aren’t mutually exclusive, so a mortgage could be both a conforming mortgage and a conventional mortgage, or it may only fit one definition or neither definition.
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