Phrases with «piggyback mortgage»

A piggyback mortgage is a type of home loan where you take out two loans at the same time to buy a house. The first loan covers most of the cost, usually about 80% of the house's value, and the second loan covers the remaining amount, usually around 10%-20%. This helps you avoid paying private mortgage insurance (PMI) and can be a way to get a mortgage with a smaller down payment. Full definition

Sentences with «piggyback mortgage»

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