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Updated over 10 years ago on . Most recent reply

Charmaine M.'s profile image
Charmaine M.'s profile image
Charmaine M.
  • from Queens NY, New York
  • Member since Aug 2, 2013
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Charmaine M.'s profile image
Charmaine M.'s profile image
Charmaine M.
  • from Queens NY, New York
  • Member since Aug 2, 2013
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Charmaine M.
  • Queens NY, NY
107
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467
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Starting Out

"Piggy Back Loans" How does it work?

Charmaine M.
  • Queens NY, NY
Posted

Hi all, 

Can someone be so kind as to explain to me what and  how does a piggy back loan works?

Do i have to have to take out two mortgages at the same time to avoid the PMI?

Just need a little clarification.

Thanks in advance.

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