Cost effective down payment strategy: bypass the added
expense of mortgage insurance while making vodafone contact 80/10/10, 80/15/5, 75/20/5
Want to avoid the added cost of Mortgage Insurance?
Interested in sidestepping higher jumbo interest rates?
Combining a first mortgage plus a home equity loan offers:
Cost effective down payment strategy: bypass the added
expense of mortgage insurance while making vodafone contact
a down payment as low as 5%.
Lower interest rate: purchase a larger home with a smaller
first mortgage, avoiding the higher interest
rate of a jumbo loan.
Build equity faster: the home equity loan has a shorter
term allowing you to pay it off quicker.
Simplicity: one application, one closing, one set of
closing costs equals a two-in-one process
saving time and reducing fees.
Best for:
First-time homebuyers trying to save for a large down
payment.
Move-up buyers with high-yielding investments who would
rather use a home equity loan as a down
payment instead of liquidating their assets.
People delaying the purchase of a home because they are
expecting to use a bonus, commission
check or inheritance funds toward the down payment.
Nationwide Home Loan Network offers options that are
all about choices on combining your mortgage and home equity loan.
Apply here for assistance from one of our
professional loan officers
Combinations of First Mortgage/Home Equity Loan/Down payment Mortgages:
80% 10% 10%
80% 15% 5%
75% 20% 5%
These combinations are the most popular; however, the first mortgage and home equity product can be
used with various combinations in conjunction with a wide array of ARM, Fixed-Rate and Balloon loans.
Our experienced Loan Consultants will assess your needs and help you choose a loan program that answers your individual needs.
Call us! 1-888-748-7751.