An 80-10-10 Mortgage in Finance; Pros and Cons.

An 80-10-10 mortgage is a loan where first and second mortgages are gotten simultaneously. The main mortgage lien is taken with an 80% loan-to-value ratio (LTV ratio), meaning that it is 80% of the home’s expense; the second mortgage lien has a 10% loan-to-value, and the borrower makes a 10% upfront installment. This arrangement can … Read more