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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Detecting Accounting Fraud Analysis And Ethics Global Edition

ISBN: 9781292059402

1st Global Edition

Authors: Cecil W. Jackson

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Question Posted: Apr 18, 2024 11:00 AM

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The 80/20 loan is a mortgage loan whereby the borrower takes out a loan for 80 percent

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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

Detecting Accounting Fraud Analysis And Ethics Global Edition

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