Property Ownership
In Louisiana, a 'piggyback mortgage' arrangement involves:
AOne mortgage secured by two properties simultaneously
BA first mortgage plus a second mortgage taken at the same time to avoid PMI or meet down payment requirements✓ Correct
CA mortgage that increases as property values increase
DA reverse mortgage on a newly purchased property
Explanation
A piggyback mortgage uses two loans simultaneously — typically an 80% first mortgage and a 10% second mortgage (80-10-10), allowing the buyer to avoid PMI on the first mortgage while making only a 10% cash down payment.
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