Get a One Stop Execution for First and Second MortgagesWith the Simultaneous Second mortgage, borrowers may get a lower payment than with a high-LTV first mortgage, along with the convenience of closing both loans together.
Simultaneous Seconds is originated and closed in conjunction with your first mortgage, which brings you the benefits of just one loan processing and closing. Your monthly payment will be lower than it would be with a single, larger first mortgage because there is no private mortgage insurance required.
2006 Conforming Loan Limits
Alaska, Guam, Hawaii,
and U.S. Virgin Islands only
1 $417,000 $625,500 2 $533,850 $800,775 3 $645,300 $967,950 4 $801,950 $1,202,925