80/20:
What is a 80/20 loan ? - To avoid paying a PMI some banks (though not as common) would split your mortgage into 2 mortgages. 80% of your loan would be the good interest rate, and 20% would be an inflated interest rate.
How will it lower my mortgage payment? - The total amount of the 2 mortgages is actually slighly less than one with PMI. Also you can pay off the 20% loan early which in essence will give you a lower mortgage payment on top of all things.
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