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piggyback second mortgage

Arabic translation: قرض ملحق بالقرض العقاري الاول


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15:26 Feb 24, 2010
English to Arabic translations [PRO]
Bus/Financial - Economics / Housing Finance
English term or phrase: piggyback second mortgage
a package of two loans one added on top of the other
cabrina
Local time: 11:50
Arabic translation:قرض ملحق بالقرض العقاري الاول
Explanation:
A piggyback loan is basically a second mortgage given at the time of a home purchase or a refinance. Its purpose is to allow the home buyer to acquire or refinance a home with less than a 20 percent down payment (or equity) but without the necessity of carrying private mortgage insurance
Selected response from:

redx315
Local time: 11:50
Grading comment
thanks a lot for your valuable translation
4 KudoZ points were awarded for this answer



Summary of answers provided
3قرض ملحق بالقرض العقاري الاول
redx315


  

Answers


33 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
قرض ملحق بالقرض العقاري الاول


Explanation:
A piggyback loan is basically a second mortgage given at the time of a home purchase or a refinance. Its purpose is to allow the home buyer to acquire or refinance a home with less than a 20 percent down payment (or equity) but without the necessity of carrying private mortgage insurance


    Reference: http://www.mortgagenewsdaily.com/892005_Piggyback_Loans.asp
redx315
Local time: 11:50
Native speaker of: Native in ArabicArabic
PRO pts in category: 4
Grading comment
thanks a lot for your valuable translation
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