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2. Loan-to-value ratio - Wikipedia

   en.wikipedia.org/wiki/Loan-to-value_ratio

   A similar property with a value of $100,000 with a first mortgage of $50,000 and a second mortgage of $25,000 has an aggregate mortgage balance of $75,000. The CLTV is 75%. Combined loan to value is an amount in addition to the Loan to Value, which simply represents the first position mortgage or loan as a percentage of the property's value.

3. How to Avoid PMI - AOL

   www.aol.com/finance/avoid-pmi-163543476.html

   The precise cost of PMI varies from lender to lender, and also depends on the loan type and amount and the borrower's credit as well as the loan-to-value (LTV) ratio. However, it can be as much as ...

4. Private mortgage insurance (PMI): What it is and how it works

   www.aol.com/finance/private-mortgage-insurance...

   See if your lender offers piggyback loans: A piggyback loan, also known as an 80/10/10 or combination mortgage, takes the form of two loans: one for 80 percent of the home’s price, the other for ...

5. Mortgage insurance vs homeowners insurance: what’s the ...

   www.aol.com/finance/mortgage-insurance-vs...

   Ask the lender to pay: Some lenders will cover the cost of your mortgage loan, referred to as lender-paid mortgage insurance (LPMI). However, there is a tradeoff because you could have a higher ...

6. Lenders mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Lenders_mortgage_insurance

   Lenders mortgage insurance (LMI), also known as private mortgage insurance (PMI) in the US, is a type of insurance payable to a lender or to a trustee for a pool of securities that may be required when taking out a mortgage loan. Its purpose is to offset losses in the case where a mortgagor is not able to repay the loan and the lender is not ...

7. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   Such loans have a higher risk of default than loans to prime borrowers." [1] If a borrower is delinquent in making timely mortgage payments to the loan servicer (a bank or other financial firm), the lender may take possession of the property, in a process called foreclosure.