Current Mortgage RatesFriday, March 12, 2010Glossary of Terms1 2 3 4 5 7 8 A B C D E F G H I J L M N O P Q R S T U V W Y Z
80/10/10, 80/15/5, And 80/20/0 Loan Plans 80/10/10, 80/15/5, And 80/20/0 Loan PlansCombination 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. |