125% Equity Home Loans

equity loan 125% -

If you are a homeowner in need of a home equity loan but you have not yet built up any equity in your home, don't despair. A 125 percent equity home loan may be the answer.

A 125 percent equity home loan is a second mortgage loan that allows you to borrow up to 25% more than the value of your home. The 125 percent equity home loan is offered by various online lenders. Each lender has their own qualification and loan term guidelines but generally this is a credit score driven loan program. Credit score driven means that you have to have a certain credit score to qualify for the loan. Also, some 125 percent equity home loan lenders may require seasoning on the length of time you have lived in your home. An avm is a computer generated assessment of your home's value which is based on recent home sales of comparable houses in your neighborhood.