An 80 20 mortgage
is essentially 2 mortgage loans which equal the total amount of
the purchase price. The first mortgage being 80% and the second mortgage
covering the remaining 20%. If you are interested in an 80 20 mortgage
loan, you can compare multiple mortgage quotes to
see which loan product will work best for your situation and suit your needs.
Mortgage
Calculator
An 80
20 mortgage loan works agreeably for first-time buyers when
there isn't a large down payment and you want to avoid paying
PMI
(Private Mortgage Insurance).
