Posts tagged Loan Types
What Is A Piggyback Loan?

When purchasing a new home, you may need or want a “piggyback loan” which is  literally a loan that piggybacks off another loan. Basically, it’s two loans that are opened simultaneously. The first loan is generally 80 percent of the purchase price of home. The second is typically a home equity line of credit (HELOC) on top of the first mortgage.

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