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First and Second Mortgages

A Plus Mortgage Solutions, Inc. offers mortgage programs for both first and second mortgages including first and second combination loans. A first and second combination is useful for clients who are putting less than twenty percent down on a purchase and want to avoid paying Private Mortgage Insurance (PMI). PMI is insurance that a lender requires a borrower to pay for that covers the lender in the event that the borrower defaults on the mortgage. It does NOT benefit the borrower in any way. The PMI rule only applies to conforming first mortgage programs. So, in order to avoid paying PMI, a client can take out a first mortgage up to eighty percent of the purchase price and a second mortgage up to fifteen percent of the purchase price. Thus, only putting five percent down, but still avoiding PMI because the loan to value on the first mortgage is less than or equal to eighty percent.

   

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July 30 , 2015

Jeremy always gets the job done well and on time without worry and stress. - Sally Chaplin

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Zillow reviews

5 stars on 12/7/2021

We just want to thank Jeremy McMichael for all his hard work. It was a pleasure to work with him and him company. He was very professional, helpful, knowledgeable and so patient with us with all the questions we had for him. We will definitely recommend him and his company to all our family and friends. Thank you so much again for everything Jeremy!!!


5 stars on 12/5/2021

Working with Jeremy was great and very easy! He took care of all the details and we did not experience any issues in acquiring a loan. If I needed a mortgage in the future, I would work with Jeremy again!


5 stars on 12/5/2021

Jeremy is awesome to deal with. He did his best to get us approved and in our house as quickly as possible. He is very polite and knowledgeable in his field.


See all 404 Reviews on Zillow