For over 31 years, Ocean Pacific Capital has offered 80-10 loans. Also known as a piggyback loan, 80-10 loans are most likely designed for a home owner refinance. This type of loan is preferred by borrowers who do not have a lot of cash prior to purchase of a home or need a 90% LTV (loan-to-value). Payments for an 80-10 loan are usually lower, which allows borrowers to qualify to a larger loan amount mortgage. With this type of loan, the borrower pays 10% down of the purchase price and obtains a loan for 80%, which avoids the expense of PMI (private mortage insurance). The advantage to this loan is that the entire payment is tax deductible and there is an option to pay off the second loan earlier, which will drastically reduce the total loan payment. At Ocean Pacific Capital, our access to many lenders allows us to offer the lowest and most competitive rates in the industry today. Whether you are looking for an 80-10 loan or a fixed or an adjustable rate mortgage, we can acquire the right loan for you. For more information or to get started on this process today, call us to speak to our residential loan specialist!