Should you get a Piggyback Loan?
Regan Hagestad
September 6, 2016
In today’s home-buying market, purchasers often are told they need to make a 20 percent down payment to avoid Private Mortgage Insurance (PMI)—a product that helps protect the bank or investor providing the mortgage from potential losses if borrowers end up defaulting on their loans. Before the housing crash of 2008, piggyback loans (or 80/20’s) were readily available as
