NEWREZ'S PIGGYBACK HELOC-Currently Suspended
A Perfect Solution For Those In-Between Borrowers!
Save your borrowers money by bundling a NewRez first mortgage with our new Piggyback HELOC.
- Provide options to increase borrower buying power up to 95% CLTV
- Offers a lower payment alternative on high LTV, high loan amount scenarios
- Give borrowers the flexibility to pay down principal and borrow that principal again if needed
- Help borrowers avoid MI payments
- Maximize borrowers’ cash out amount
Not available in Alaska, Hawaii, and Texas.