Trulia Voices: If I am buying $150,000 home, is 80-10-10 a good option ?

Trulia Voices: If I am buying $150,000 home, is 80-10-10 a good option ?http://www.trulia.com/voices/Home_Buying/If_I_am_buying_home_is_a_good_option_-142038en-usAnswer by Tom Burrishttp://www.trulia.com/voices/profile/Real_Estate_Pro-Dallas_TX-307330/http://www.trulia.com/voices/profile/Real_Estate_Pro-Dallas_TX-307330/Yes, it is a good option. But you should compare FHA as well as conventional 90% A good loan officer will compare them for you.Wed, 01 Jul 2009 13:05:44 -0700Answer by Bob McClure- Mortgage Originationhttp://www.trulia.com/voices/profile/Real_Estate_Pro-48170-308929/http://www.trulia.com/voices/profile/Real_Estate_Pro-48170-308929/hi mindy......i would consider fha if i were you......also, the below listed comment is a little misleading.....an 80-10-10 is not three loans, it is two loans with 10% down.(80% first & 10% closed end second) ...vey best regards.....bob mcclure- success mortgage partners- plymouth, michigan.....Wed, 01 Jul 2009 12:54:58 -0700Answer by Marge Bennetthttp://www.trulia.com/voices/profile/Real_Estate_Pro-Fort_Myers_FL-250203/http://www.trulia.com/voices/profile/Real_Estate_Pro-Fort_Myers_FL-250203/no offence, but those loans a part of what got us into this mess. Are you really able/want to to handle mortgage payment on 3 loans for how many years? Many foreclosures are approved for homepath financing with only 3% down. that seems like a better option.Wed, 01 Jul 2009 12:50:54 -0700