80-15-5 or 80-10-10
Features
No PMI and only 5% or 10% down
30 or 15 year fixed second mortgage
Good credit mandatory
Benefits
Lower monthly payment then 5% and 10% down with PMI
Second mortgage is tax deductible instead on non-tax deductible PMI payment
Option to pay off second instead of having to pay down first mortgage, pay for an appraisal, and jump through hoops to remove PMI
Both loans underwritten and funded in house at Homestone Mortgage
For more information, email or call Dan at 425.605.3130