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ARE YOU DOING 80 10 10 LOANS?

by RUDD12_359_805 from San Bruno, California. Dec 8th 2012 Reply


Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,237 contributions

Sure, depending on loan size and quaifications - and your ability to find the 10% 2nd. What are you looking for?

Dec 8th 2012
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Thomas Slyman (loansbytom)
#753 ranked lender in California - 4 contributions

Yes, rate and term refi or purchase only.

Dec 8th 2012
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Barb Lanis (BarbLanis)
#70 ranked lender in Illinois - 663 contributions

Yes, you can indeed still get 80/10/10. Need more details re what you are looking for, please.

Dec 8th 2012
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Manuel Gonzalez (mmortgage1)
#91 ranked lender in New Jersey - 89 contributions

Most times, getting one loan with mortgage insurance is a better option. Depending on where the property is located mortgage insurance is not only cheaper but also safer. With 2nd loans being many times an adjustable rate and for a certain period of time. Mortgage insurance however is till you have 20% in equity and in many cases tax deductible as well (contact your accountant for details).Good LuckMG

Dec 9th 2012
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Shashank Shekhar (shashank)
#668 ranked lender in California - 7 contributions

Yes, we are. However, we are only licensed in CA, WA and OR. Our maximum loan amount (1st+2nd) is $750,000.

Dec 9th 2012
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