Through it, you will be able to pay off all loans you currently have and only remain with a single mortgage loan to deal with. (mortgagebrokerstore.com)
Lenders generally use Fannie Mae's automated underwriting system for every single mortgage loan sold in the secondary mortgage market. (realtor.com)
If a single mortgage loan accounts for more than 80 % of the purchase price, you'll have to pay mortgage insurance on top of the loan. (homebuyinginstitute.com)