When you get a piggyback loan, you take out a second mortgage on top of the first one to finance the same home. Some home buyers use this method to avoid paying for private mortgage insurance or ...

If you're considering buying a home and you already own one, a piggyback loan may be a viable option. However, taking on a second mortgage isn't for everyone. Related: Grant Cardone: These Will Be the ...

Add Yahoo as a preferred source to see more of our stories on Google. If you're making a small down payment on your home, a piggyback loan might help you avoid some extra costs on your mortgage.

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The following article originally appeared on Unison.com. Buying a home is one of the biggest transactions you’ll make in life. And like most major financial decisions, it’s best to be aware of all the ...