answersLogoWhite

0

If one has excellent credit they may be eligible for a mortgage that allows them to borrow up to 25% more than the value of the home. So a home worth $100,000 would allow the loan holder to borrow up to $125,000.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Where can one find a 125 home equity loan?

A person looking for 125 home equity loans can find them on the BD Nationwide Mortgage and Home Equity Loan Center websites. Both websites offer information and allow you to request a quote.


What is one tip on using the 125 percent home equity loan?

The 125 percent home equity loan should only be your choice if you do not plan on moving for a long time. It would also be great to have a good credit history, since the period for paying the 125 percent equity loan is quite long.


Can a home equity loan be used for a downpayment on another home?

A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.


A home equity loan is a lump-sum second mortgage loan made on the available equity in a home?

True, home equity loan.


Can you get a personal loan attached to a new home loan?

If you have equity, you can get an equity loan


In Texas if you refinance your home once as a home equity loan are you forced to have all future refinances be home equity loans also?

Yes. Once a home equity loan, always a home equity loan; but there are certain programs that give breaks in rate to previous home equity acquisitioners.


What are some frequently asked questions about home equity loans?

Some frequently asked questions about home equity loans include: How do home equity loans work? What are the benefits and risks of taking out a home equity loan? How much can I borrow with a home equity loan? What are the interest rates and repayment terms for home equity loans? How does a home equity loan differ from a home equity line of credit?


What is a 125 percent refinance home equity loan?

According to information that is available to view on finance websites that offer information about loans and how they work, the information states that a person or persons owning a property may be able to secure a 125 percent refinance equity loan with the condition that it is not to pay another loan or debts off.


How soon can you get a home equity loan?

As soon as you have equity to borrow against. If you put a considerable down payment on a home you could get a home equity loan the next day. If you put 0 down than it will be several years before you have enough equity to get a home equity loan.


How do you apply for an equity loan?

To apply for an equity loan you have to contact a mortgage or home equity lender and see what kind of equity your home has. If your property value has declined it is possible that you could have negative equity.


What is the purpose of a home equity payment?

If one has a home equity loan, payments must be made on the loan. Usually a home equity loan is taken out for situations such as major home improvements, or financing a college education.


Where can one find information on no cost home equity loan?

There appears to be no such thing as 'no cost home equity loans'. However a home equity loan is a type of loan when the customer uses the equity in their home as collateral. Information about these can be found on Wikipedia and Investopedia.