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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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80-10-10, 80-15-5, and 80-20-0 Loan Plans

Terminology that is used to express the breakdown of the ownership of a property when there are multiple mortgages on the one property. For example, 80/10/10 means that the main mortgage is for 80%, the second mortgage for 10% and the third for 10%.

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Mortgage Glossary

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