A 125% second mortgage is a loan that, when added to the amount you owe on your original mortgage, amounts to 125% of the home’s current appraised value. It is the ultimate "cash out" home equity loan – except for the fact that much of the loan has no equity securing it at all.

125 Second Mortgages Refinancing Cash Out Loans. Are you searching for a way to pull money out of your home and wondering if a 125 mortgage is right for your families needs? It starts with a little research and ends with some professional advice. 125 mortgages allow you to borrow up to 125% of the value of your home – more than it’s worth.

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Those offers from lenders are starting to arrive in the mail to metro Phoenix homeowners again. The area’s home values have recovered enough for banks to begin offering home-equity loans. also.

In this scenario, based on a $43,000 loan over 25 years at 13% APR (which can easily be beaten with today’s rates), the borrower saves $755.30 per month. As lenders will tell you, the money from a second mortgage loan may be used for any purpose- including but not limited to paying off high interest credit cards, home improvements, tuition, vacations, luxury items, and anything else.

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Second mortgages, hybrid intermediate-term ARMS. The higher the allowance, the longer until the borrower gets the letter saying ‘you have reached your 110%, 115%, 125% etc maximum negative of your.

Before you fund a 125% second mortgage, make. Rock kept issuing 125% loans after bailout – Below second. mortgage – allowing borrowers up to 125% of the value of their homes – from the time of its emergency support from the Bank of England in September 2007 until it was on the brink of.

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