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Add up the facts. |
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Two loans are twice as nice. |
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| Save money on your down payment, avoid additional closing costs and bypass private mortgage insurance (PMI) with one of our combination mortgages. With an 80/10/10, 80/15/5 or 80/20, you may be able to reduce the amount of money required for your down payment to as little as $0. We will combine the first mortgage (80%) and a second mortgage or line of credit from 10-20%, depending on how much money you put down. The first mortgage and second mortgage or line of credit will close at the same time so you get the benefit of two loans and reduced fees. |
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Simplicity - one application, one closing, one hazard insurance policy, including flood insurance (if required) |
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Savings - one appraisal, one credit report and no private mortgage insurance |
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Fixed, adjustable-rate and fixed-rate, interest-only financing - second mortgage or line of credit interest may be tax deductible1 |
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| Call us today for more details. |
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