An 80-10-ten financial was financing where first and you can next mortgage loans was acquired at exactly the same time The original financial lien is pulled with an enthusiastic 80% loan-to-really worth (LTV) ratio, which means its 80% of your own house’s cost; another mortgage lien possess a ten% LTV ratio, plus the borrower tends to make good ten% down payment. Trick Takeaways An 80-10-10 financial are prepared with a few mortgages: the initial becoming a predetermined-rate financing from the…