Recording of mortgages 80/20 - Creative financing of their mortgage

Recording of mortgages 80/20 - Creative financing of their mortgage

 

 80/20 A mortgage is that, for a new mortgage, there are two loans in two tranches. There are two types of interest and loans are usually provided by different companies. The two loans are 80% of the loans and 20% of the loan.

 

 Some of the advantages of a mutual 80/20 are as follows:

 

 1. Not PMI - Private Mortgage Insurance is einepaiementsento months thateach borrower must pay if you have a house with less than 20%. PMI is insurance for the lender to lender against losses if the borrowers default, their ready. The SMEs can not guarantee the borrower in any case. In its division into two mortgages, loans of 80% of the loan and the other is 20% of the loan. Therefore, the PMI is not necessary to ensure the primary mortgage.

 

 2nd The funding of 100% Envotre Pfandbriefdarlehen - May several borrowers unable to continue financing debeneficiarse 100% of mortgages with less with the configuration ready 80/20.

 

 3. Low interest rates on mortgage 1 - Let's say you expect a significant pay their mortgage in the near future. He works in his own interest, a mortgage 80/20, in quanto, as soon as you pay mortgage second class, diee tauxl'intérêt on your first mortgage is significantly less if they were100% of the loan by the company. Normally noel interest on the mortgage in the second category is much higher, but it will be aborted if you mortgage for the second rapidame