Good Morning!
Did you know that we do piggy back loans up to 97% loan to value ratio?
A piggy back loan is where we do two loans – one at 80%, and a second up to 17% simultaneously.
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.
That’s it for today!
Have a good day today! …and thanks for reading.
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