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12 August, 22:38

What is a piggyback mortgage?

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  1. 12 August, 22:50
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    Two mortgages on the same house.
  2. 12 August, 22:56
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    A piggyback mortgage can include any additional mortgage loan beyond a borrower's first mortgage loan that is secured with the same collateral. In short, a piggyback mortgage is when you take out two separate loans for the same home.

    Common types of piggyback mortgages include home equity loans and home equity lines of credit.
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