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When someone says "90/10", that can mean two things: 1) You are doing two loans for 100% financing. The first loan is based off of 90% loan to value or contract price and the second loan is based on 10% of the loan to value or purchase price. -OR- 2) That you are financing 90% loan to value or of the purchase price and need to provide 10% worth of your own funds. Usually, when there are two loans, it's typically and 80/20. For more information on loans and loan programs, visit Www.MortgageTeamFlorida.com. Hope this helps.
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