|TALK ABOUT MORTGAGE INSURANCE - continued|
This may not make sense, but the
guidelines allow it (as of now), and who ever said that these guidelines
were logical? The hitch, because of course there is one, is that the
interest rate on the second loan will be higher than for the first.
And there are usually some additional fees associated with the second.
But it is often well worth it, and always worth looking at as a possibility.