Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What does the mortgage term 80/20 mean?

Estate financing Home mortgage mortgages term types
0
0 Posted

What does the mortgage term 80/20 mean?

0 CommentsAdd a Comment

1 Answer

0
0

An 80/20 mortgage is a type of mortgage purchase to avoid PMI (private mortgage insurance). It is a first mortgage valued at 80 percent of the purchase price and a second mortgage of 20 percent of the purchase price.

0 CommentsAdd a Comment
What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.