A “piggyback” second mortgage is a home equity loan or home equity line of credit (HELOC) that is made at the same time as your main mortgage. Its purpose is to allow borrowers with low down payment savings to borrow additional money in order to qualify for a main mortgage without paying for private mortgage insurance.
To meet the unique and specific needs of each client, Funding Opportunities America has relationships with over 50 lenders which provide a wide array of products, investment tools, and mortgages. Our specialized system for finding, selecting, locking while watching and searching, and closing options provides unparalleled optimization. Funding Opportunities America will present options for you to select the best loan rate, the lowest closing costs, and the best lender incentives available on the market for you and not the bank!
Contact us with any questions about Piggyback Loans and one of our trusted Loan Officers will be happy to assist you.