单词 | 80-10-10 mortgage |
释义 | 80-10-10 mortgage80-10-10 mortgageA type of mortgage arrangement with 80 percent of the purchase price paid by a first mortgage, 10 percent paid by a second mortgage, and the final 10 percent in down payment; sometimes used in order to avoid having a 90 percent first mortgage and the required private mortgage insurance premiums. |
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