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 The Mortgage U! Mortgage Education Made Easy

For all your mortgage needs:
Dave Zwierecki
Phone 888-418-4467

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Get a Loan
Home ownership is at its highest rate ever because it has been easy to get a home mortgage loan.

Getting a mortgage loan can be done by many people, even if you have little to no money available for a down payment on a home. A very common loan program that allows you to buy a home with no money down is a "Combo Loan", also referred to as an 80/20 loan. A combo loan is where you obtain a first mortgage at 80% of the purchase price of the home and a 2nd mortgage at 20% of the purchase price of the home. The combo loan is so popular because it eliminates the need for PMI, also known as Private Mortgage Insurance. PMI is a costly insurance that is normally charged to borrowers who do not have 20% of equity in their home. However, by doing a combo loan PMI can be avoided.

Before you meet with a mortgage professional to discuss your loan gather the following information. Last 2 years W-2 statement, 2 most recent paystubs and any financial account statements that you have. This give the mortgage broker the correct information he needs to issue you a mortgage pre approval letter.

It is important to set up a meeting with a mortgage professional to determine your options. Take a moment beforehand to figure out what monthly housing expense you can handle. Try to forecast any raises you may have or what significant expenses you may incur in the next few years.

To get a loan with bad credit, you can expect to be required to have more equity in your homein the case of a refinance or a larger downpayment if you are a purchasing a home.

Getting a loan for a home can be the largest debt that you take on. Along with the enjoying the fee simple rights of ownership, your mortgage interest can be the largest tax deduction that you have that can make Uncle Sam your greatest ally.

If you ever ask anyone with knowledge of real estate when the best time to purchase a home is, they will always say NOW. No matter what the market. If you can afford to own your own home, it is the best choice you can make financially for you and your family.


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If you have any questions regarding our products, you can contact us by calling or e-mailing us and we'll get back to you as soon as possible. Thanks!

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 Information listed above is to be used for educational purposes only and is not guaranteed

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