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80-10-10 Purchase Money Second in Maryland |
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Guidelines Are Constantly Changing
Monarch Mortgage
Monarch Mortgage is a full service mortgage bank offering a wide variety of home, lot, and construction loan products. That's right, we are still approving and closing LOT and CONSTRUCTION LOANS along with our other loan products. Contact Dave today! Loan Program Guidelines Are Subject To Change!! Please Contact Me For Availability! Return Home
If you are
outside of Maryland,
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On
Line Pre-Qualification
Purchase Money Second Mortgages80-10-10 or 80-15-5 (NEW - ask about our One Loan option that does NOT require Mortgage Insurance!) What is an 80-10-10 loan?
Here's an Standard 10% Down compared to a 80-10-10 example: RATES SHOWN ARE FOR EXAMPLE ONLY! PLEASE CALL FOR CURRENT MARYLAND RATES. In this example,
both First Mortgages are 30 year fixed,
* The A.P.R. on the first example is increased by the M.I. and is 6.197%, the M.I. is NOT required for the life of the loan, click to learn more about M.I. ** The A.P.R. on the second example is 1st 5.882% and 2nd 6.82% As you can see, this is a
very attractive option
We also offer
a 0%, 5%, 10% or 15% down no M.I.loan,
Please call for additional information... 80 10 10 loan
is availabe in Maryland, MD.
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If you are
outside of Maryland,
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David
Pick, Loan Officer
