money sectionmoney sectionA mortgage PPO (preferred provider organization) gives subscribers access to better providers and lower prices through negotiated rates. Select employers offer this service as an employee benefit.
An 80-10-10 mortgage, sometimes called a piggyback loan, only requires a 10 percent down payment from the home buyer. The other 90 percent is put together with two loans, one for 80 percent and one for 10 percent. The 80 percent is for the actual mortgage. The other 10 percent loan, which is paid off separately, allows the buyer to put the whole 20 percent down, saving him money on private mortgage insurance (PMI) and potentially qualifying for a lower interest rate.
