No Equity Home Loans Up To
125% LTV
A no equity home
loan can get you the cash you need
even if you
do not have any equity in your
home!
The 125 ltv home equity loan
is a no equity home loan program which allows home-owners to borrow
up to 25 percent more than their home is worth. For example,
if your home is worth $100,000 and you owe $100,000 on the mortgage,
this program will still allow you to borrow up to $25,000 more.
The no equity home loan is a
simple interest, fixed rate loan... unlike credit cards, which
compound the interest daily. A 125 ltv home equity loan can be used
to consolidate debt saving you hundreds of dollars per month. In
addition to debt consolidation, the loan proceeds can also be use
for home improvement or cash-back. Cash-back is when you receive the
money to do as you please. Please note however, that some lenders
may limit the amount of direct cash you can receive depending on
your credit score.
The "no equity home loan"
program is available to new and seasoned homeowners. If you are a
new homeowner you generally will need to have at least 3 months
seasoning in your home to be eligible. In many cases, a home
appraisal will not even be required.
Due to the variance in 125
home equity loan eligibility requirements and program options from
lender to lender, It's best to do a comparison of several lenders in
order to find the best loan that fits your particular needs.
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