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Get the Facts: The ‘Piggyback’ Mortgage

by Summit Mortgage Corporation | May 20, 2016 | home loan, mortgage, piggyback mortgage, Resources

Simply put, a piggyback loan is a second mortgage or lien on top of the first mortgage. Hence the term, “piggyback”. One of the loans makes up the larger portion of the home’s value and the second loan makes up for whatever cash is needed to make up the standard...
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