What is a piggyback loan? Question 12 options: ...

50.1K

Verified Solution

Question

Finance

What is a piggyback loan?

Question 12 options:

A loan from a single lender broken into three or more parts.

A loan from a first lender which is added to (piggybacked) by a loan from a second lender.

A loan wherein the second loan has no collateral.

Any loan that is considered a second loan to the purchase money mortgage.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students