A
full explanation of an 80 20 Refinance Loan can be found here. | 80
20 Home Loan Information |
Keep in mind that during times of recession or
a severe downturn in the property market 80 20 Loans will not be available.
In brief, an 80 20 Refinance Loan is simply two individual loans which
may or may not be from the same broker or lender.
The 80 20 Refinance loan is split, as the name suggests, into an 80%
first mortgage and a 20% second loan. First time buyers are usually keen to have an 80 20 Loan because they do
not have to find an initial deposit for the property. |
