NEW PENN’S PIGGYBACK HELOC
A Perfect Solution For Those In-Between Borrowers!
Save your borrowers money by bundling a New Penn first mortgage with our new Piggyback HELOC.
- Provide options to increase borrower buying power up to 95% CLTV
- Offers a lower payment alternative on high LTV, high loan amount scenarios
- Give borrowers the flexibility to pay down principal and borrow that principal again if needed
- Help borrowers avoid MI payments
- Maximize borrowers’ cash out amount
Consider These Scenarios:
Not available in Alaska, Hawaii, Louisiana, Tennessee, Texas, and Utah.
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