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80-15-5
Loan
80/15/5
loans are also described as combination financing and offer a
convenient way to provide creative financing in a purchase,
refinance, home improvement, or debt consolidation transaction. In a
purchase transaction, a second trust is frequently used in
combination with a first trust to avoid paying Private Mortgage
Insurance or PMI. The first trust is always set at 80% of your
purchase price which eliminates the need for PMI. We add a second
trust of 15% of the purchase price and you supply 5% cash.
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