Sentences with phrase «piggyback loans remain»
Not exact matches
The piggyback loan allows borrowers to take out a first loan for 80 percent of the cost of the home, along with a second (piggyback) loan for the remaining cost not covered in a home down payment.
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For example, you have enough cash to pay 10 percent down, you take a primary loan for 80 percent of the loan value and you take a piggyback loan for the remaining 10 percent.