Asked by KP, 01970 • Thu Aug 26, 2010
Are these types of Mortgage Programs still available? For example on a $500,000 purchase - $50,000 Down (Cash) / $400,000 Mortgage 1 / $50,000 Mortgage 2
Also - if available are there still "flexible" packages available - i.e. Mortgage 1 can be fixed rate or ARM and Mortgage 2 could be Interest Only.
This would be ideal in my scenario as I would be able to pay off Mortgage 2 in short order, but can not currently put down a full 20%.
Real Estate in Salem
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