Good Morning!
Did you know that we still have piggy back loans to 95% loan to value ratio?
We do!
A piggy back loan is where we do two loans - one at 80%, and a second at 15% simultaneously.
You would put down 5% in this scenario, and we would finance 95%.
The advantage to a piggy back loan over a 1 loan scenario is that you don't have to pay the private mortgage insurance that comes with conventional loans over 80% LTV.
...So, you save money with piggys!
Thanks for reading! ...and have a good day!
Brett
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