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With a good credit rating, you can eliminate high interest debts with a low rate home equity loan. Borrowing up to 25% of the value of your home, you donât have to have equity to qualify for a second mortgage. With low rates, you can cut your payments as much as two thirds.
Advantages Of A 125% Home Equity
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A home equity line of credit is a revolving credit line, using
your home as collateral. A home is often the greatest asset most
people have and many homeowners make use of of a home equity
line of credit (HELOC) for major purposes such as home
improvements, education, medical bills and paying off other
debts.
There's also an excellent program available now that actually
shows
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A home equity loan allows you to borrow against the equity you have built in your house. Even if you have no equity, you may be able to borrow up to 125% of the value of your home. You can use the extra cash to consolidate bills, fund college tuition, or any other reason you see fit. If
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