80 20 mortgage » Finance and Credit Professional

Using an 80 20 Mortgage to Avoid Mortgage Insurance

March 28th, 2008 by Jack Humphrey

An 80 20 mortgage is also called a zero down loan or no money down loan. It is actually two loans, a regular home mortgage which constitutes 80% of the price of the home and a second mortgage or home equity loan that consists of 20% of the cost of the house. The idea behind [...]

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