My Vacation My Home
Buying Land:
  10% Down, 25 year fully amortized, interest rate 9.24%
20% Down, 25 year fully amortized, interest rate 8.24% 10% Down, 2 year Balloon with 2yrs of Interest Only payments, interest rate 8.99% 20% Down, 2 year Balloon with 2 yrs of Interest Only payments, interest rate 7.99%
 
 
Buying a Non-Owner Occupied:
  10% Down, 80% 1st mortgage, 30 yr fixed, interest rate 6.875%. 10% 2nd mortgage, 30 yr fixed, 10.875%.
 
 
Buying a 2nd home/Vacation Home:
  5% Down, 80% 1st mortgage, 30 yr fixed, interest rate 6.25%.  15% 2nd mortgage, 30 yr fixed, interest rate 10.125%.
 
 
a Primary Residence:
  Zero Down, 80% 1st mortgage, 30 yr fixed, interest rate 6.50%. 20% 2nd mortgage, 30 yr fixed, 8.375%.
 
   
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