Current Mortgage Rates

Sunday, November 22, 2009




Glossary of Terms

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80/10/10, 80/15/5, And 80/20/0 Loan Plans

80/10/10, 80/15/5, And 80/20/0 Loan Plans

Combination first mortgages for 80% of sale price or value and second mortgages for 10%, 15%, or 20%.The purpose is to avoid mortgage insurance, which is required on first mortgages that exceed 80% of value.