If you are looking to
raise some money and your home is worth a good deal more than the amount you
still have borrowed against it then you might want to consider a 125% Home
Equity Loan. Mortgage finance is the cheapest borrowing available to most
people, and it makes good sense to use your property to raise money rather
than taking more expensive loans and credit from elsewhere. An equity loan
can be the best way for you to take care of major expenses such as college
tuition or car payments.
The way a 125% Home
Equity Loan works is this. The lender looks at an appraisal of the value of
your home. That value is the figure that the lender uses to work out what he
can lend. So if your home appraisal is $100,000 and the lender will go up
to 125% of the appraised value, that means the lender is prepared to lend
up to $125,000 on your home. If, say, you still owe $60,000 from your first
mortgage then that is taken off the total possible loan amount giving
($125,000-$60,000) which equals $65000 as the maximum amount you can raise
in the new loan. Lenders will also want to look at what you earn and any
other loans you have to check how big an equity loan you can afford to pay
back.
Our Featured Partners for 125% Equity Line of
Credit
CrediClear can help you reduce your interest rates
Compare refinance and home equity loan offers from up to four competing lenders in under a minute.
Let the best lenders battle for your business right now. At GuidetoLenders.com, you’ll get competitive loan quotes from up to four lenders, so you can take advantage of today’s interest rates while they’re still low.
Refinance
Improve your home
Take a vacation
Pay for your child's college education
Consolidate all of your bills into one and cut your debt with a Debt Consolidation loan.
CrediClear can help you reduce your interest rates
Don’t let less-than-perfect credit stop you from achieving your goals of
home ownership. Aames has over half a century’s worth of experience
providing customers in a wide variety of credit and financial situations
with the solutions to their borrowing needs. Whether you’re looking to
refinance your current mortgage and lower your monthly payments, or to
purchase the new home of your dreams, our loan representatives can help you
achieve your goals. Apply today and get a no-risk, no-obligation quote on a
quality home loan in just 24 hours!
CrediClear can help you reduce your interest rates
Let the best lenders battle for your business right now. At GuidetoLenders.com, you’ll get competitive loan quotes from up to four lenders, so you can take advantage of today’s interest rates while they’re still low. Refinance, improve your home, take a vacation or pay for your child’s college education. Consolidate all of your bills into one and cut your debt with a Debt Consolidation loan. No need to worry about your credit—all credit types are OK.
CrediClear can help you reduce your interest rates
Credit Problem? No problem! Apply for a home equity loan to consolidate
debt.
$250 Discount Offer — Discount of
up to $250 is based on the number of application steps completed online and
will be applied toward your closing costs if you apply online and your loan
funds with Countrywide Home Loans.
