HB-2-3550 Paragraph 4.2 Overview of Payment Subsidies borrower, subsidy may continue for six months or until assumption of the loan is completed, whichever occurs sooner.
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Also called a “purchase money second mortgage,” a piggyback loan is used by. percent second mortgage, and a five percent down payment) or even an 80-20 ( 80. loans simultaneously: one for 80 percent of a home's value, and the other to. Another benefit of a piggyback loan is that the interest may be tax-deductible,
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