If you’re thinking about purchasing a home or refinancing, think about breaking the total loan amount into two. If you do two loans, you’ll secure a lower mortgage rate on your first loan, and often avoid certain adjustments that would come with a single loan.
If you do two loans, often times you can get a larger amount of total financing as well.
That’s just a taste of the many creative financing options available if you break your loan up into two. While you will pay slightly more upfront for fees on the second loan, the flexibility and potential interest-rate savings may make it the right choice.
Learn more about mortgage combos and blended rate.