How to Get a 125% Home Equity Loan
December 7, 2008 by admin
How to Get a 125% Home Equity Loan
In order to qualify for a 125% home equity loan, you will have to undergo a home appraisal to determine the current value of your home, unless you have already had one done in the recent past. From this value, they will subtract the amount you still owe on your home mortgage, and the remaining figure is the amount of equity you have built up to this point, and that is what you will be borrowing against.
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