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Brett's Mortgage Blog

How To Get A 97% Loan Without Paying Mortgage Insurance…

Good Morning!

Did you know that we do piggy back loans up to 97% loan to value ratio?
We do!
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.

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

Brett Sampson

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