Financial
Piggyback Loan
A second mortgage taken simultaneously with the first
Full Definition
Piggyback Loan: A second mortgage taken simultaneously with the first. Understanding this concept is important when navigating the mortgage process. NMHL loan officers can explain how piggyback loan applies to your specific mortgage situation.
Why It Matters
Understanding piggyback loan helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
Trusted by Homeowners Nationwide
Real reviews from Google — see why families trust NMHL
Our Presence
Click on endorsed states to see our direct resources!
Frequently Asked Questions
Piggyback Loan refers to a second mortgage taken simultaneously with the first. This is an important concept in mortgage lending that affects how your loan works.
Understanding piggyback loan can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
Ready to Put This Knowledge to Work?
Connect with an NMHL mortgage expert who can help you navigate the mortgage process.