80/15/5 Mortgage

Anyone suggest this loan.
its basicly 2 mortgages with 5 % down payment.

Comments(7)

  • feltman21st July, 2004

    they are a good way to get a break on the 2nd APR and still avoid PMI -

  • Dlove21st July, 2004

    If you don't have a big down payment but don't want to pay mortgage insurance it's a great loan. Do the 2nd on a HELOC and you can keep you monthly payment pretty low.

  • chinups21st July, 2004

    Is there any downsides to them??
    I have more like 10% for down payment and def want to avoid PMI charges cause they are BS.

    Thanks all

  • maw21st July, 2004

    There are all sorts of programs out there for 10% down with no pmi. you just need to know where to go. PM me if you would like a little direction on this.

  • chinups21st July, 2004

    I am just a guest so I don't think I can PM yuo but you can e-mail me at **Please See My Profile**

    Thanks

  • maw21st July, 2004

    Chinups,

    I sent you a PM let me know if you got it.

  • chinups21st July, 2004

    sent one back

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