Can I obtain a mortgage and home equity credit line at the same time?
A. Yes. Combination financing, or Flexible FirstSM, simultaneously establishes a first mortgage with a home equity line of credit that typically offers a lower rate than most credit cards. Reduce your down payment by borrowing more than the customary 80% of the purchase price without having to pay costly mortgage insurance premiums. For more information, visit our Flexible FirstSM page.
