Business, Legal & Accounting Glossary
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for 80-10-10 Mortgage are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.