125% Home Equity Loans are a simple solution. Many
people with good credit have limited available cash resources. 125%
Home Equity Loan gives you the home equity solution that you have
been searching for. It allows you to pay off current credit card
debt, reduce monthly expenses or finance home improvements or major
purchases by borrowing up to 125% of the value of your home. To
determine how much you can borrow, multiply the current value of
your home by 125% and subtract the balance on your current mortgage.
The difference is the amount available to you to pay off your bills!
Maximum loan amount is usually $300,000.
125% Home Equity Loans can reduce your monthly
payments significantly if you are consolidating your debt. While
rates are usually higher than a traditional second trust or home
equity loan, they are lower than consumer or credit card rates and
offer longer repayment terms, saving you money. Add up your total
bills and your payments.
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