125 Home Loan Financing

Home loans usually depend on the value of your home, allowing you to borrow money up to the total of the equity in your house. However, there are situations that require a larger loan than this, and under certain circumstances you can borrow up to 125% of the value of your house.

These loans are termed over-equity seconds, and they require you to use the equity in your house as the basis of the loan. This forms some security for the loan, the rest being compensated for by a higher rate of interest than you would pay for a loan that is entirely secured on the value of your house.

125% home loans can be really useful in situations where you need to consolidate loans, because the interest rate will be lower than totally unsecured personal or credit card loans. You can use this kind of loan as the basis to make your financial health better.

125% loans are also used for home improvements, particularly those that are going to raise the value of the house. You can borrow money to make your house more comfortable, or more attractive to potential buyers. This can make a real difference to the value of the house, and thus raise the equity in the house.

However you use your 125% home loan, you should be sure to look at all the options open to you. Companies will be able to quote you competitive rates o interest and terms on your loan, and you should take time and effort to be sure that you get the loan that best suits you.

GuideToLenders

You found the perfect home — now you need the perfect loan. Imagine having the best mortgage lenders competing for your business. At GuideToLenders.com, up to four lenders will provide you with the best rates and options available. Whether you have excellent credit or have declared bankruptcy, our lenders are eager for your business. Different types of first mortgages offered are 30-year fixed, 15-year fixed, adjustable rate, and interest only. It takes less than a minute to apply, so get started right now.

MoneyNest

Shopping for a loan has never been easier. MoneyNest is an online loan marketplace that allows you to send a single application to over 400 lenders. Submit your application and get access to low rates on a second mortgage, refinance, home equity line of credit, or a home improvement or debt consolidation loan. Get up to 4 FREE quotes.

Countrywide Home Loans

Qualified homeowners – even those with less-than-perfect credit – may now access their home’s equity to get cash, consolidate debts, and lower monthly expenses. Countrywide Home Loans may also help applicants who are self-employed or have high consumer debt. We offer competitively priced home loan programs, including fixed rate, adjustable rate, refinance and home equity loans.

INVESTools

The advantage of having an easy-to-follow, step-by-step investing process with easy-to-use Web-based tools is that you rely on facts to make decisions – not emotions. The benefits are less stress, better results and, dare we say it, fun.

The following two tabs change content below.

Financial Entrepreneur

I'm passionate about business and finance. After working 10 years for an international organisation, earning more money than most people would need to have very good life, I decided to jump on my own life and businesses. My main incomes are from my financial investments and businesses.

Latest posts by Financial Entrepreneur (see all)

Comments are closed.