1 kind of mortgage does not fit all - 2005-08-14
Three months ago, Tobias Fredeking shelled out $260,000 for his third rental home in Modesto.
Fredeking, 40, said he financed his three-bedroom, two-bathroom investment with an 80-10-10 mortgage: A 30-year fixed-rate loan with an 80 percent first lien, a 10 percent second lien and a 10 percent down payment.

The standard down payment is 20 percent of a home's value. If you cannot come up with the 20 percent, he said, you have two options. One is a split mortgage such as the 80-10-10. The other is buying private mortgage insurance, or PMI.
Read the full story at Modesto Bee

Seniors should be careful of loan deals and refinance mortgage - 2005-08-14
Seniors tend to be targeted by unscrupulous lenders intent on cheating them out of their wealth.

Faced with replacing the roof, paying for an unexpected expense or even a refinance mortgage loan, cash-strapped seniors can tap into the equity they have built up over the years. But, before taking out a loan to pay for projects, they need to be certain of what’s being offered and by whom.
Read the full story at Wilkes Barre Times-Leader