Piggyback Loan


Definition of "Piggyback loan"

David Wylde
  Premier-Warren

Loan in which two or more lenders participate in the total financing of a single mortgage. The lenders in a piggyback loan do not necessarily have equal shares.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Financial Insurance

Structured product designed to meet specific needs of the insured that may involve any of the follow ...

Risk-based Capital Ratio

Measurement of the amount of capital (assets minus liabilities) an insurance company has as a basis ...

Excess Interest

Amount credited to the cash value of an insured's life insurance policy above the minimum interest r ...

Blanket Crime Policy

Coverage usually provided as part of the special Multiperil insurance (smp) policy, generally replac ...

Combination Company

Life insurance company whose agents sell ordinary life insurance and industrial life insurance. ...

Maximum Foreseeable Loss (mfl)

Worst case scenario under which an estimate is made of the maximum dollar amount that can be lost if ...

Related Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, pr ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? What do Real Estate Attorneys do? When to buy a house 3 tips to ensure your sale goes through 5 signs of house foundation problems

FAQ

How Much Income Do I Need ? What is a Ginnie Mae? What is a subprime mortgage? What is zoning? What is a gift letter?