80/20 Tandem Mortgage

Looking to buy a home, but don't want to withdraw your savings for a down payment?

Our 80/20 First and Second Tandem Mortgage may be the right solution for you. With this 100% home financing program, you can leave your savings where they are, and still purchase a home without paying Private Mortgage Insurance.

You simply combine one of our 80% Loan-to-Value (LTV) first mortgages with a second mortgage for 20% LTV to achieve full financing for your primary residence. And you can use this program to purchase a home, or to refinance your current mortgage.

• Easier qualifying. Since you are already in the process of selling your existing home, you may only have to qualify for the loan amount on your new home.
• Easier budgeting. You'll save with a blended interest rate, no tax and insurance escrow, and interest-only payments.
• Low closing costs. You'll need less money up front.
• A streamlined application process. You'll save valuable time.

80/20 Tandem Mortgage features and benefits:

• Choose from a variety of adjustable-rate first mortgages, including our 3/1, 5/1 and 7/1 ARMs.
• Borrow as much as $750,000. Larger loan amounts may be available.
• Make budgeting easier with interest-only payment options.
• Second mortgage is a Home Equity Line of Credit, which enables you to pre-pay interest and reduce the payment term, or to make withdrawals as equity becomes available. A fixed-rate second mortgage is also available.

Find out how we can bring it all home by calling us toll-free at 1-888-514-2300.

Click here for loan product terms and conditions.

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