Second Mortgage Details

Second Mortgages Details When doing split financing these terms are typically thrown around: 2nd liens, second mortgages, piggy back seconds, 80/10/10, 80/15/5, and 80/20. All these terms mean the same thing. Below are the second mortgage details but if you want basic information (like why to have a 2nd at all) then visit Split Financing […]

Second Lien Lender Disclosures with Top Mortgage Lender in Plano Texas 200

Second Mortgage Disclosures

If you’re reading this it’s most likely because we sent you this link because you’re exploring split financing. Assuming that’s the case, you need to read this page in it’s entirety AND check out Second Mortgages Details as each will answer a number of questions you may have about the Second Mortgage Disclosures as well as the overall process. […]

Mortgage Closing Costs for Mortgage Lender in Dallas Texas

Closing Costs For Purchasing a Home

This page provides a breakdown of the mortgage closing costs for purchasing a home in Texas with a conventional loan. While the fees below are for a conventional home loan, FHA, VA, and USDA loans will have the same basic fees; however, those programs will may require Mortgage Insurance Premiums and/or Funding Fees. Our Commitment We know our fees are […]

Seller Concessions for Best Listing Realtor in Dallas

Seller Concessions

Seller Concessions Seller Concessions are essentially a way to “roll-in” Closing Costs on a purchase home loan (see also How To Pay For Closing Costs). Seller Concessions are negotiated between the buyer and seller during the contract negotiations and are recorded in Section 12 of the purchase contract.  (Note: Seller Concessions can be included in a contract amendment […]

Split Financing and Second Lien Loans with Best Mortgage Banker in Dallas Texas 200

Split Financing And Second Lien Loans

Split Financing means using two mortgages to purchase or refinance a home so that the total amount financed is “split” up into two loans. A second lien is a mortgage that exists behind a first lien mortgage and is typically used to avoid Mortgage Insurance (MI) and/or Jumbo financing.  Split financing and second lien loans are […]