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Debt Consolidation > Debt Consolidation Help > Financial Terms Glossary > 80-10-10 Loan
 

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80-10-10 Loan

  
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80-10-10 Loan: This typ of loan is combination of an 80% loan-to-value first mortgage, a 10% home equity loan and you must come up with 10% down payment. This type of loan can be used to eliminate the need for private mortgage insurance (PMI).

 

 

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