The 80/10/10 mortgage is widely-available and buyers are using it to avoid PMI; and, to buy homes more cheaply. More on the program plus today’s live rates.

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Current Ten Year Mortgage Rates Available Locally. The following table shows current 10-year mortgage rates available in Redmond. You can use the menus to select other loan durations, alter the loan amount, or change your location.

Borrowers who are averse to mortgage insurance but don't have a 20% down payment have another optionl: an 80-10-10 loan, also known as.

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An 80-10-10 loan lets you buy a home with two mortgages for 90% of the purchase price plus a 10% down payment. Also called piggyback loans, 80-10-10 mortgages avoid private mortgage insurance or.

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An 80-10-10 mortgage is a loan where the first and second mortgages happen simultaneously. The first mortgage lien has an 80-percent loan-to-value ratio (LTV ratio), the second mortgage lien has a.