70/30 Seventy / Thirty
: definitionOur Real Estate glossary has definitions to 54
Real Estate terms or mortgage terms.
Please pick a letter to proceed to the terms associated with that letter.
| • 1/1 ARM
| | • 3/1 ARM
| | • 5/1 ARM
| | • 30 Year Fixed
| | • 7/1 ARM
| | • 50 Year Fixed
| | • 15 Year Fixed
| | • 80/20 Eighty / Twenty
| | 70/30 Seventy / Thirty
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| A breakdown of a mortgage into 70 percent of the value of the home as the first mortgage and 30 percent of the price of the home as either 1) the down payment, or 2) a second mortgage. This percentage breakdown avoids the requirement for expensive mortgage insurance, needed when the loan to value ratio is higher than 80%.
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