How can I get a mortgage without PMI only putting 10% down?

Client : Jam Raiven

Question :

My credit union provides this, but, I am looking for a better rate. Does anyone know of any other credit unions or lenders that will allow this?

Answer :

If you structure your loan with a 80% 1st mortgage, 10% 2nd mortgage, and 10% down payment, you will not have to pay MI.

Date : May 26