Sentences with phrase «called piggyback mortgage»

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With an 80-10-10 loan, the primary mortgage covers 80 percent of the loan value; a second mortgage, often called a piggyback, covers 10 percent; and the other 10 percent is the down payment.

One alternative is to use a different kind of loan called a «piggyback» or «80/10/10» loan, which is basically a second loan in addition to your primary mortgage.

If you don't have 20 % for a down payment and don't want to partner with a company like Unison, you might be able to qualify for what's called a «piggyback mortgage» or «80/10/10 mortgage».

A borrower could avoid having to obtain PMI through a novel lending process called a «piggyback» mortgage.

As home values start to pick up again, so do the number of piggyback loans, also called second mortgages.

WASHINGTON — So - called «piggyback» credit - score inflation schemes for mortgage applicants haven't been reined in, despite industry pledges to do so at the end of summer.

What are being called piggyback credit - score inflation schemes for mortgage applicants haven't been reined in, despite industry pledges to do so at the end of summer.

Whether your lender calls them piggyback loans or piggyback mortgages, these home equity loans or credit lines enable borrowers with low down payments to borrow more money.