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Refinance > Piggyback Loan
The following information is about Piggyback Loan.
Piggyback Loan Defined
An alternative to private mortgage insurance, also known as a second trust loan. The most common type is an 80/10/10 where a first mortgage is taken out for 80% of the home’s value, a down payment of 10% is made and another 10% is financed in a second trust at a higher interest rate. In some cases, you may even qualify for a piggyback loan with as little as a 5% down payment
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Off-site Piggyback Loan Links, User Submitted
The following links have been collected through user bookmark submission in the Piggyback Loan category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Mon Oct 1
- PMI Calculator: Wondering if a Piggyback 2nd mortgage is a better idea? (otherwise known as a 80/10/10 or 80/15/5) See our PMI or Piggyback Loan calculator.
Fri Aug 17
- "We Agreed We Wanted To Be Homeowners Again" - One Family's Disastrous Journey Into The Subprime Market: Tired of renting, kids growing older, and watching everyone else get into the real estate market. It's something many of us have done or thought about doing. And just like many others, this family fell into a trap that will cause them to lose their hom
Wed Jan 10
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