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Combination Mortgage (80/10/10)

What’s a combination mortgage?

Also called a Piggyback loan, this type of mortgage is broken up into three parts. The 80/10/10  
combination is an 80% loan-to-value (LTV) first mortgage, a 10% LTV 2nd home equity loan, and a 10% down payment.

An 80/10/10 solution could mean lower monthly payments.

  • No need for Private Mortgage Insurance (PMI).
  • 10% down payment.
  • Potential to qualify for larger mortgage.
  • Flexibility for financial planning.

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