What Is a 8020 Home Loan?

Answer

An 80/20 home loan or mortgage also called zero down loans is a type of loan where by a home buyer takes two mortgage loans where the first loan is 80% for the purchase price and the second is 20% of the value of the home.
Q&A Related to "What Is a 8020 Home Loan"
An 80/20 mortgage allows a borrower to move into a home with no money out of pocket. This had been the only 100 percent non-government mortgage option for many borrowers, but it has
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A conventional home loan is a loan to purchase a home that is not guaranteed or insured by the federal government. This type of lines follow certain guidelines of government sponsored
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Home equity is a person's financial stake in his or her home. A home equity loan allows you to borrow up to 125 percent of the appraised value of your home, less any existing mortgages
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Biggest disadvantage right now is you will never get such a loan, without high double digit interest rates, if your credit is lousy. 2nd disadvantage you should not really, really
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