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620 NewPort Center Drive, Suite 1100
NewPort Beach, CA 92660
Toll Free: 888-801-3000
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Loan Glossary 8- 80/10/10 Program
- A mortgage transaction in
which a first and second mortgage are simultaneously originated. The
first position lien has an 80% loan-to-value ratio, the second position
lien has a 10% loan-to-value ratio and the borrower makes a 10% down payment.
80-10-10 mortgage transactions are piggy-back mortgage transactions, and are
frequently used by borrowers to avoid paying private mortgage insurance.
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Today's Rate |
4.625%
Fixed Rate |
| * 4.881% APR. The displayed annual percentage rates (APRs) include total Points and additional prepaid finance charges but do not include other Closing Costs. On adjustable-rate loans, rates are subject to increase over the life of the Loan. |
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Loan Glossary 
