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COMBO LOAN Reference Articles: Combo loan or 30 year fixed 1 loan What is better, going with an 80 20 combo loan or going with a 30 year fixed 1 loan? There are many factors that will determine which is the better option. Rates, PMI, loan terms and many other factor http://www.brokeroutpost.com/reference/142019.htm (Updated: 08/31/2007) Related Reference Topics: [80/20, combo loan, 30 year fixed]
Combo Loan There are 2 different meanings of the phrase "combo loan" in the mortgage industry. The original combo loan was considered to be a combination loan consisting of a first mortgage and second mortgage. http://www.brokeroutpost.com/reference/64255.htm (Updated: 05/25/2007) Related Reference Topics: [combo loan, combo loans, debt consolidation]
How and why to avoid PMI? Private Mortgage Insurance or "PMI" is placed on loans with a Loan to Value of greater than 80%. This is insurance that the bank is taking out in case you fail to make your payments and they must for http://www.brokeroutpost.com/reference/123633.htm (Updated: 05/12/2007)
Private Mortgage Insurance requirements Private Mortgage Insurance is a type of insurance that is required on most mortgage loans that do not have the required 20% equity in the home. If you are buying a home and do not have 20% for a down http://www.brokeroutpost.com/reference/99010.htm (Updated: 03/24/2007) Related Reference Topics: [pmi, lpmi, combo loan]
Combo Loan Refinance Why would you want to refinance your home through the use of 2 mortgages instead of one? There are many reasons why this might make more sense, 2 mortgages versus only 1. A combo refinance loan can be http://www.brokeroutpost.com/reference/88234.htm (Updated: 02/17/2007) Related Reference Topics: [80/20, no pmi, refi]
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