How do you qualify for a piggyback loan?

A piggyback loan is a second mortgage that is secured with the remaining equity in your house after a primary mortgage takes the majority of it. In order to qualify for this type of loan, you have to have a good credit score. In most cases, you should have a credit score of at least 700 to be considered. You also have to have enough income to support the mortgage payments for your piggyback loan as well as your primary mortgage. The house also has to have plenty of equity left in it according to the appraisal.