Purchase Money
Seconds

On Line Pre-Qualification

Purchase Money Second Mortgages

80-10-10   or   80-15-5

What is an 80-10-10 loan?
 

  • It is a 10% down purchase money loan program, where there are two separate mortgage loans. 
  • The First Mortgage is for 80% of the sale price.
  • The second mortgage is for 10% of the sale price.


This option avoids M.I.or Mortgage Insurance (which is not deductible, while in most cases mortgage interest is) , and builds equity quicker than a standard 30 year fixed.

Please Call For a Standard 10% Down 
compared to a 80-10-10 example:

Click to learn more about M.I.
 
 

As you will see, this is a very attractive option
that deserves a second look!

We also offer a 10% and 0% down no M.I. loan,
but the 80-10-10 is usually a better option.

Please call for additional information... 

 410-643-0222   888-643-3659

Return Home or send e-mail


Use of these web pages signifies that you have read and understand the Disclaimer.
Copyright ©2004 .  All Rights Reserved.

Site by:

AmericanWebPageDesign.com