Video Transcript:
Most believe two loans beat a jumbo by avoiding PMI. But this assumption is often wrong, costing homebuyers thousands without a detailed, side-by-side model analysis. I am David Ghazaryan. I personally structure these complex financings, bypassing lender constraints by calculating the true, aggregate net cost across all combined loan components. The critical calculation is the blended rate. Your second mortgage, often near 9% (Data may vary over time), heavily inflates the true cost, frequently surpassing a single jumbo's rate. This knowledge converts into leverage. Instead of enduring dual underwriting for a potentially costlier piggyback, we can secure a single, more efficient jumbo loan approval. Market competition for prime borrowers is compressing jumbo rates. This systemic pressure means the piggyback's primary advantage—avoiding PMI—is often nullified by its structural complexity. This analysis continues on my social platforms. For the complete article and side-by-side models, see the links provided for you in the video description.
Read Blog Here: https://www.iqratemortgages.com/blog/jumbo-or-piggyback-loan-in-san-diego-which-is-cheaper
