If you want to purchase a house of your dream, you have two choices in your hand. One is to pay the whole amount at a time by your own and the other is to pay the amount by taking a loan. The first option is open for the selected persons of the world. Anybody can go for the second option. However, you need to have an evidence for that. General tendency is house morgage. Even then, you need to pay 20% of the amount directly; otherwise you are not eligible for the loan to most of the lenders. Now do not be upset. There is solution for even you who can not provide 20% down payment of the amount at a time.
There is an option open for you which is called 80 20 mortgage. This is nothing but two loans. The concept is getting a loan by mortgaging 80% of the home value, again for the remaining money, getting a loan by mortgaging 20% of the value. This has another good aspect. By using 80 20 morgage offer you can avoid paying the private mortgage insurance that can add $100 extra to your monthly morgage payment. To get this kind of offers, the best place is mortgage brokers. They have access to many mortgage lenders, who are interested in this kind of deals. However, you should be immensely careful about all the points of the agreement and have to be careful that you are not involving yourself in a fraud case.