The 80/20 loan is a mortgage loan whereby the borrower takes out a loan for 80 percent
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The 80/20 loan is a mortgage loan whereby the borrower takes out a loan for 80 percent of the purchase price and a second loan for 20 percent of the purchase price, leaving the borrower with no equity in the house at the time of the loan.
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False The statement you provided is incorrect An 8020 loan also known as a piggyback loan is a type ...View the full answer
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Authors: Cecil W. Jackson
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