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Refinancing and not at 80% LTV: is a HEL or LPMI better for "second" mortgage?

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Need approximately $12,000 to make 80% LTV (current $283,000 mortage)

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January 12 - Adams Morgan
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Answers (2)

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An Interest Only 2nd would work best in this situation. You'll have to close both loans on the same day.
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January 12
Profile picture for Georgia Loans
IMHO, you are better off with a small piggyback as long as you qualify for the 2nd which can have a little tighter guidelines. 
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January 12
 

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