Mortgage Know-How :: RE: 80-20 loan or 80-10-10 loan

Author: jerry
Subject: RE:
Posted: Sat Nov 26, 2005 2:20 am (GMT -8)
Topic Replies: 2

Hi,

Its good to you Jill that see that you are back. Like

Quote:
is there any of advantages of 80-20 loan.

There are lot of advantages of 80-20 mortgage.
  • You do not have to pay down payment if you opt for 80-20 mortgage loan.
  • Monthly payment for 80-20 mortgage loan are often tax deductible.
  • If you opt for 80-20 mortgage loan you need not pay mortgage insurance.


For more information on 80-20 mortgage loan and 80-10-10 mortgage loan please refer the respective section

Thanks,
Jerry

For the full story see:
http://www.mortgagefit.com/discuss/8020-loan.html
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