Sentences with phrase «piggyback loans because»
Piggyback mortgage rates: Rates are good for piggyback loans because you are getting a conventional «standard» loan for the primary financing.
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Other buyers will use piggyback loans because they're buying a home which exceeds their local mortgage loan limits.
Not exact matches
Because the marketplace was flooded with piggyback loans, stated - income mortgages with no documentation requirements, option ARMs and interest only mortgages.
There are ways to get a lower down payment or even pay nothing upfront, but these methods typically cost more in the long run because they include piggyback loans and private mortgage insurance that have higher interest rates.
When private mortgage insurance (PMI) was tax - deductible (from around 2006 through 2016), many borrowers opted for a single home loan instead of tacking on a «piggyback» second mortgage because of the perceived savings.
It's called a «piggyback» loan because you close on that loan at the exact time when you make the purchase.