You would put down 3% in this scenario, and we would finance 97%.
The advantage to a piggy back loan over a single loan is that you don’t have to pay the private mortgage insurance that comes with conventional loans over 80% LTV.
You will be surprised how much money you can save by using piggy back financing compared to single loans with MI.
Give us a call or shoot us and email and we’ll show you how much money you can save!
Have a good day today! …and thanks for reading.
Brett
I’ve written about this before, but we have more and more people passing the age…
I had this situation come up again last week, and I wanted to address it…
One of the most important things you will have to do when you apply for…
I wanted to remind you that we have a 2% to 5% downpayment and closing…
If you receive money from the State or a County sponsored organization for providing foster…
Do you have investment property, and would like to pull cash out of your property?…