No. of Recommendations: 5
80/15 combo is a method of taking out two mortgages, usually (I would guess) to avoid paying PMI when you don't have 20% saved for a downpayment.

The basic breakdown is that you put 5% down, take one mortgage for 80% and another for 15% of the price of the house. This way, you haven't mortgaged more than 80% for the first mortgage and don't need to pay PMI. The second mortgage usually comes at a higher interest rate, but is tax deductible while PMI is not.

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