Combination Mortgage (also Combo Loan) is any Mortgage aggreement (typically for the financing of Real Estate that is not a single Contract between borrower and lender but a combination of several lending aggrements (typically two), each with their own terms and conditions.
- A regular (primary) loan for 80% of the property's purchase price
- A [Home Equity Line Of Credit] for 10% of the property's purchase price
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