80-10-10 Mortgage

Business, Legal & Accounting Glossary

Definition: 80-10-10 Mortgage

80-10-10 Mortgage

Full Definition of 80-10-10 Mortgage

Occurs when a first and a second mortgage are originated simultaneously. Here the first mortgage has an 80 percent loan-to-value (LTV) ratio. The buyer puts down a 10 percent down payment, then the second mortgage has a loan-to-value ratio of 10 percent. Sometimes referred to as piggy back mortgage transactions.

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Page URL
Modern Language Association (MLA):
80-10-10 Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/80-10-10-mortgage/.
Chicago Manual of Style (CMS):
80-10-10 Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/80-10-10-mortgage/ (accessed: December 03, 2021).
American Psychological Association (APA):
80-10-10 Mortgage. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/80-10-10-mortgage/

Definition Sources

Definitions for 80-10-10 Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.