# first lien

Location

US

TAGS

finance

mortgage loan

OTHER names

A first lien or first mortgage is the primary loan that pays for a property. The loan has priority over all other liens or claims on a property in the event of default.

If the loan-to-value (LTV) ratio of a first mortgage is greater than 80%, lenders generally require private mortgage insurance (PMI). In such a case, it can sometimes be economical for a borrower to limit the size of the first mortgage to 80% LTV and use secondary financing to borrow the remaining amount needed.

Built by CRE professionals.

We understand your language. Also your Excel sheets.

### Industry expertise

With 20+ years in housing finance, founder Kanan Ajmera decided to build a software to solve the problem of disconnected data and processes, then brought together team of housing professionals to make it happen.

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