Using an Interest-Only Mortgage is a Recipe for Disaster for Most ...
Mar 9, 2006 . Interest-only mortgages make sense if you're planning to own the home for a relatively short period of time . I have an 80/20 interest-only loan.
PMI or a Piggyback Mortgage (80/20 or 80/10)? at DailyInterest.com
PMI or Piggyback Mortgage (also known as an 80/20 or 80/10)? The most . Take the interest only 2nd mortgage, pay the least possible and avoid the PMI.
Using an 80 20 Mortgage to Avoid Mortgage Insurance | Business ...
An 80 20 mortgage is also called a zero down loan or no money down loan. . be an interest only loan which could save you hundreds of dollars in mortgage .
How 80/20 Loans Work - Mortgage Calculator
80/20 loans are not as complicated as people may think. Many lenders will only finance 80% of the home purchase price, which leaves 20% for the borrowers . payment in advance: Enter the loan amount, interest rate, and length of mortgage .
Additional findings from the survey are:
Mortgage Calculators - Real Estate Calculators - For Sale by Owner ...
. this mortgage calculator to compare a "piggy back loan", i.e. 80/20, 80/15, 80/ 10, . Interest Only Mortgage Calculator - Caculate the monthly payments of an .
Equity Line of Credit - The Zero Down 80/20 Mortgage
You may also want to consider an 80 20 interest only loan. The interest only loan could save you hundreds of dollars in mortgage payments every month.
The Pros and Cons of an Interest-Only Mortgage
Nov 28, 2007 . Getting an interest-only mortgage can seem like...Read more. . than fixed period interest only). -subprime 80/20 allowing dti's of 55% (full doc).
BestMortgage.com - To Refi or Not to Refi?
You figure out how much it will cost to get a new lower interest mortgage, divide . it only made sense to refinance if you reduced your interest rate by at least 1%. . Your 80% ($240000)first mortgage has an interest rate of 5.5% and your 20% .
What Is an 80/20 Mortgage Loan? | Home Guides | SF Gate
Essentially, an 80/20 mortgage is a pair of loans used to purchase a home. . The 80/20 may be a little more risky because of variable interest rates and changes in . In some cases, the lender will offer only an 80/20 on a single-family house, .
On introductory bonuses, the survey found that:
80/20 mortgage | Mortgage Reference Library
This type of loans is comparable to an 80/20 loan. The advantage is that the borrower pays for only one mortgage. The disadvantage is that the interest rate is .
Zero down, interest only mortgages even with bad - Mortgage Match
Apr 25, 2005 . The vast majority of zero down, interest only mortgages approved are 80/20 combo mortgages which require no PMI (Private Mortgage .
Help A Reader: Should I Pay Off My Mortgage or ... - Money Crashers
My wife and I currently have a 6.125% 1st (30 year fixed) and a 6.65% 2nd (5 year arm interest only) (80/20 loan) mortgage on our homestead, and we also have .
I have an should I refinance an interest only mortgage or open a line ...
I have an 80/20 interest only mortgage loan with hardly any equity in my house. I' m not sure if I should refinance my home or open up a line of .
Can I get a mortgage? (PMI, home loan, fixed rate, interest ...
Aug 23, 2007 . On the 80/20 option you could look at 5 year fixed loans, with or without interest only... 30 year fixed, or 30 year fixed with a 10 year interest only .
For more information for boomer consumers, see my blog 2006 mortgage loan abuse.