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80/15/5 80/15/5 - two mortgages with the loan amounts of the first being 80% of the property value, the second being 15% and a 5% down payment. ?
This loan structure is often used when the borrower needs to borrower more than 80% and wants to avoid buying Private Mortgage Insurance. ?
Depend on the borrowers financial situation, a loan officer can structure a 80/10/10, 80/20, or any combination thereof. ?
Another alternative is talk to us about loans which do not require PMI mortgage insurance even above 80% which may be available in your county.
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