Many borrowers who have less
than 20% equity in their homes, choose a combination first and second mortgage
(referred to as a piggyback mortgage) to avoid mortgage insurance (MI). The
most common method of financing without MI is an 80-10-10 (an 80% 1st mortgage,
10% 2nd mortgage with 10% equity). Also available is an 80-15-5 (requiring an
80% 1st mortgage, 15% 2nd mortgage with 5% equity).
Fannie Mae & Jumbo Mortgage Rates Just One Click!= Current Rate Chart
REFINANCING MORTGAGE CALCULATOR: Should I refinance? Does Refinancing your Mortgage make sense. Use this Mortgage Refinancing Calculator.
