Sentences with phrase «piggyback financing»

You may find it hard to find piggyback financing these days, when compared to the «easy credit» days of the housing boom.

You may find it hard to find piggyback financing these days, when compared to the «easy credit» days of the housing boom.

Loans requiring PMI or piggyback financing are subject to additional qualifications, are limited to your primary residence and may require a larger down payment.

You may find it hard to find piggyback financing these days, when compared to the «easy credit» days of the housing boom.

Not exact matches

Then your second loan, the piggyback, will finance the difference between what you have and the 20 % target.

The most common piggyback loan is the 80-10-10 — the first mortgage is for 80 % of the home's value, a down payment of 10 % is paid by the buyer, and the other 10 % is financed in a second trust loan at a higher interest rate.

If a homeowner needs to finance above their local conforming loan limit, they can consider taking out a piggyback loan, meaning when the first and second loans are opened simultaneously.

Owner financing is a type of piggyback loan in which the second mortgage portion is carried by the home seller.

Until recently, a popular financing option for low - down payment borrowers was to secure a primary fixed - rate mortgage for up to 80 percent of the purchase price, then obtain a second adjustable - rate, or «piggyback,» loan for the down payment.

Piggyback mortgage rates: Rates are good for piggyback loans because you are getting a conventional «standard» loan for the primary fPiggyback mortgage rates: Rates are good for piggyback loans because you are getting a conventional «standard» loan for the primary fpiggyback loans because you are getting a conventional «standard» loan for the primary financing.