Want to avoid the added cost of mortgage insurance? Interested in sidestepping higher jumbo interest rates?

The First- and Second-Mortgage Combination is all about choice. A first mortgage and a home equity loan can be combined in a variety of ways to best meet your individual needs.

This loan program offers:

• Cost effective down payment strategies
  Bypass the added expense of mortgage insurance while making a down payment as low as 5%.
• Lower interest rates
  Purchase a larger home with a smaller first mortgage, avoiding the higher interest rate of a jumbo loan.
• Faster equity gains
  The home equity loan has a shorter term allowing you to pay it off quicker.
• Simplicity
  One application, one closing, one set of closing costs equals a two-in-one process saving time and reducing fees.

Recommended for people who:

• Are first-time homebuyers trying to save for a larger down payment.
• Are move-up buyers with high-yielding investments who would rather use a home equity loan as a down payment instead of liquidating their assets.
• Want to delay the purchase of a home because they are expecting future income or funds (bonus, commission, inheritance, etc.) to use toward a down payment.