Can the Mortgage Company write 2 loans for you to avoid PMI ?
Yes.
80/20 (80% first mortgage plus a 20% second mortgage is very common as are other various combinations…
Keith
You can also get a conventional first and a HELOC as a second. Actually that is pretty common these days. Another good thing about doing it that way is, you dont pay any closing cost on some if not all HELOC. Love that!
I have gotten 70/20 on reif’s