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
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