125 % Second Mortgage

The 125 % Second Mortgage Loan is a second mortgage that allows you to borrow more than your home is worth. For example, if your home is worth $100,000 and your first mortgage is $95,000, you can borrow $30,000, for a total of $125,000.

Use your home to get cash and lower your payments. 125 Second Mortgage lending is available from Mortgage Loan Outlet!

The 125 % Second Mortgage is a perfect way to consolidate your bills. This loan allows you to pay off all of your credit cards, consumer loans, and other bills, combining those outstanding balances into one low monthly payment. You can also get cash out to use as you wish and still have a lower total payment!

125 % Second Mortgage FYI:

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 equity home loan may be the answer.

A 125 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 equity home loan is offered by various online lenders. Each 125 home equity loan lender has their own qualification and loan term guidelines but generally this is a credit score driven loan program. Credit score driven means that you have to have a certain credit score to qualify for the loan. In addition, your credit score usually determines the maximum loan amount you may qualify for and the maximum cash in hand you may receive. Also, some 125 lenders may require seasoning on the length of time you have lived in your home. Three months is normally the minimum.

When it comes to a property appraisal, most 125 loan lenders do not require you to obtain one. They generally will use the purchase price of your home as the value if you have lived in your residence for 12 months or less. If you have lived in your home over 12 months, a recent tax assessment, simple drive-by appraisal, or automated value model can be used. An automated value model computer generated assessment of your home's value which is based on recent home sales of comparable houses in your neighborhood.

Benefits of 125% Second Mortgage

• No Equity required
• Don't need to touch your existing Low Rate 1st Mortgage
• Tax Deductible
• Consolidating Debts will Lower your Monthly Payments

Program Highlights

• 125% Second Mortgage
• 1st Time Homebuyers OK
• Poor Credit OK
• No Verification Income Loans
• Self Employed Borrowers OK
• Interest Only Loan Options
• Home Equity Lines of Credit

How to find the best 125% Second Mortgage

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