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NO PMI |
80/10/10
This program is used to avoid paying PMI! The first mortgage is for 80% of the appraised value or purchase price of the home, a NO CLOSING COST Home Equity Line of Credit is taken out for 10% of the appraised value or purchase price of the home and 10% is out as a down payment or as equity in the property. The Home Equity's interest is tax deductible. The interest rate is based on credit score and tied to the prime rate.
80/15/5
This program is used to avoid paying PMI! The first mortgage is for 80% of the appraised value or purchase price of the home, a NO CLOSING COST Home Equity Line of Credit is taken out for 15% of the appraised value or purchase price of the home and 5% is out as a down payment or as equity in the property. The Home Equity's interest is tax deductible. The interest rate is based on credit score and tied to the prime rate. The interest rate may be slightly higher than doing the 80/10/10.
80/20
This program is used to avoid paying PMI! The first mortgage is for 80% of the appraised value or purchase price of the home, a NO CLOSING COST Home Equity Line of Credit is taken out for 20% of the appraised value or purchase price of the home. The Home Equity's interest is tax deductible. The interest rate is based on credit score and tied to the prime rate.
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MORTGAGE BROKERS SHOP RATES SO YOU DON'T HAVE TO. PLASE
FEEL FREE TO EMAIL US SEVEN DAYS A WEEK AT info@albanyfunding.com
TAKE ADVANTAGE OF OUR VARIETY OF LENDERS AND PRODUCTS. |
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