Posts Tagged ‘mortgages’
If you are a homeowner in need of a home equity loan but you have not yet built up any equity in your home, don’t despair. A 125 percent equity home loan may be the answer.
A 125 percent equity home loan is a second mortgage loan that allows you to borrow up to 25% more than the value of your home. For example, if your home is worth $100,000 and you owe $100,000 on the mortgage, this loan program would allow you to still borrow up to $25,000.
The 125 percent equity home loan is offered by various online lenders. Each lender has their own qualification and loan t Read the rest of this entry »