Tuesday, November 18, 2008

Private Mortgage Insurance, Part 2 of 2: PMI vs. 80/20 financing

Until recently, a popular financing option for low-down payment borrowers was to secure a primary fixed-rate mortgage for up to 80 percent of the purchase price, then obtain a second adjustable-rate, or “piggyback,” loan for the down ...

weworkharder.typepad.com/blog/2007/01/private_mortgag_1.html