|
 |
 |
|
|
80/15/5 This is a loan which carries a second mortgage for up to 15% of the purchase price of the property. It is usually used when wishing to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 15% of the purchase price. Other variations are 80/10/10 or 75/15/10. |
Meridian Financial
386-365-7161
info@meridianFL.netOnline contact form |
|
Home |
Loan Application |
Loan Programs |
Loan Calculators |
Useful Links |
Loan Site Plus™ Infogenix | Resources | Mortgage Glossary | About | Contact | Site Map | Login |
