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    Over the last decade, typical conventional lenders have been offering 100% financing to home buyers. This usually involves creating an 80% first trust deed and a 20% second trust deed. This further allows home buyers to purchase a home with no money down.

    To understand how this works, you will also need to understand two basic types of loans: Conforming and Jumbo

    Conforming interest rates cover loan amounts up to $417,000. Jumbo loans amounts cover loans over $417,000. The differences between conforming and jumbo loans are usually the interest rates and certain conditions required. Conforming interest rates are lower than jumbo interest rates. When you are looking on the internet for current interest rate quotes, the typical rates shown ar

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    eed and a 20% second trust deed. This further allows home buyers to purchase a home with no money down.

    To understand how this works, you will also need to understand two basic types of loans: Conforming and Jumbo

    Conforming interest rates cover loan amounts up to $417,000. Jumbo loans amounts cover loans over $417,000. The differences between conforming and jumbo loans are usually the interest rates and certain conditions required. Conforming interest rates are lower than jumbo interest rates. When you are looking on the internet for current interest rate quotes, the typical rates shown a

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    need to understand two basic types of loans: Conforming and Jumbo

    Conforming interest rates cover loan amounts up to $417,000. Jumbo loans amounts cover loans over $417,000. The differences between conforming and jumbo loans are usually the interest rates and certain conditions required. Conforming interest rates are lower than jumbo interest rates. When you are looking on the internet for current interest rate quotes, the typical rates shown a

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    ts cover loans over $417,000. The differences between conforming and jumbo loans are usually the interest rates and certain conditions required. Conforming interest rates are lower than jumbo interest rates. When you are looking on the internet for current interest rate quotes, the typical rates shown a
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    ing interest rates are lower than jumbo interest rates. When you are looking on the internet for current interest rate quotes, the typical rates shown are for conforming rates.

    Your first trust deed or the 80% loan is based on conforming or jumbo rates, depending on the purchase price of your property.

    The second trust deed or the 20% loan is based on what's called "piggy back" 2nd financing, wherein the lender gives special rates based on the fact that you are also obtaining a new first trust deed with that lender.

    The interest rate for the 2nd trust deed is going to be higher than the first trust deed, sometimes as much as 3% to 5% higher. The lender then gives you what's called a blended rate, combining the interest on the first trust

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