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Two Paths to a Mortgage

MORTGAGE INSURANCE          80/10/10 SECOND TRUST

PROS:
-- Single mortgage          -- Interest on monthly payments
                                is tax-deductible
-- Insurer will help        -- Only one underwriter
    you handle financial        evaluates your application
    setbacks


CONS:
-- PMI payments             -- Buyer must deal with payments
    aren't tax-deductible       on two separate mortgages,
                                usually with differing terms
-- Can be more expensive    -- It's harder to qualify for down-
                                payments of less than 10%
DATA: CHASE MANHATTAN BANK


Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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