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

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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.

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