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Make more money doing half the work with M&T's Single 90 Program, The High LTV Solution.
Broker Benefits
- It's easy to write - avoid the hassles of a piggyback transaction with just one application, one loan to process and one set of closing docs
- It's easy to sell - with a lower payment than many piggyback alternatives, no payment risk to your customer and the convenience of a single monthly payment, what's not to like?
Customer Benefits
- Low monthly payments - often less than the sum of a first and second loan or a loan with borrower paid MI
- Peace of mind - no risk of escalating 2nd mortgage P&I payments should interest rates rise
- Convenience - one loan means one lower monthly payment
Certain restrictions apply. |