125% Equity Home Loans

<h1>125% Equity Home Loans</h1>Author: <a title="Levetta Rivera" href="http://www.articlesbase.com/authors/levetta-rivera/2575.htm">Levetta Rivera</a> 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. For example, if your home is worth $100,000 and you owe $100,000 on the mortgage, this loan program would allow you to still borrow up to $25,000. 
 
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. In addition, your credit score usually determines the maximum loan amount you may qualify for and the maximum cash in hand you may receive. Also, some 125 percent equity home loan lenders may require seasoning on the length of time you have lived in your home. Three months is normally the minimum. 
 
When it comes to a property appraisal, most 125 percent home equity loan lenders do not require you to obtain one. They generally will use the purchase price of your home as the value if you have lived in your residence for 12 months or less. If you have lived in your home over 12 months, a recent tax assessment, simple drive-by appraisal, or automated value model (avm) can be used. 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.About the Author: Levetta Rivera is a successful mortgage broker and financial consultant. For more in depth information on various mortgage loan programs including programs for people with bad credit -- visit: <a target="_blank" href="http://www.equityloansource.com||http://www.badcreditloanshop.com||http://www.militaryvaloan.com">http://www.equityloansource.com||http://www.badcreditloanshop.com||http://www.militaryvaloan.com</a>Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/finance-articles/125-equity-home-loans-75922.html" title="125% Equity Home Loans">125% Equity Home Loans</a>

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. For example, if your home is worth $100,000 and you owe $100,000 on the mortgage, this loan program would allow you to still borrow up to $25,000.

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. In addition, your credit score usually determines the maximum loan amount you may qualify for and the maximum cash in hand you may receive. Also, some 125 percent equity home loan lenders may require seasoning on the length of time you have lived in your home. Three months is normally the minimum.

When it comes to a property appraisal, most 125 percent home equity loan lenders do not require you to obtain one. They generally will use the purchase price of your home as the value if you have lived in your residence for 12 months or less. If you have lived in your home over 12 months, a recent tax assessment, simple drive-by appraisal, or automated value model (avm) can be used. 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.

Levetta Rivera is a successful mortgage broker and financial consultant. For more in depth information on various mortgage loan programs including programs for people with bad credit -- visit: http://www.equityloansource.com||http://www.badcreditloanshop.com||http://www.militaryvaloan.com

Rate this Article:

0 / 5 stars - 0 vote(s)

Re-Publish

Article Source: http://www.articlesbase.com/finance-articles/125-equity-home-loans-75922.html

Article Tags: Home Equity Loan, No Equity Home Loan, 125 Home Equity Loan, 125 Percent Equity Home Loan, 125 Second Mortgage

Related Articles
Related Q&A

Latest Finance Articles
More from Levetta Rivera

How to Get Credit Score Over 750- Tips to Get Over 750 Credit Score

By: David Pit | 15/11/2009
A popular joke among people with a less than perfect credit score is that Santa Claus, the tooth fairy and a man with a credit score above 800 were walking on the road and as they were strolling they chanced upon a $100 bill. But nobody picked it up; why you wonder? Because apparently, all three of them don't exist. Well, au contraire to this belief it really isn't so difficult to take your credit score to the tune of 750 and above.

Is Trading With Technical Analysis Profitable?

By: Sylvain Vervoort | 15/11/2009
What is technical analysis and is trading based on technical analysis profitable? Lets start with my definition of what I consider is technical analysis of financial price data. Technical analysis is using graphical charts to identify buy and sell patterns every possible way. With statistics proving that using these patterns gives...

How to Make Money With Forex Trading

By: TK Kearns | 15/11/2009
There is a great amount of interest in Forex trading lately. This is largely due to the number of people and companies that have been able to make significant gains in their portfolios by taking advantage of the changing currency exchange rates. If you have heard stories about these people...

3 Reasons to Fear Penny Stock

By: Cory Espinoza | 15/11/2009
Having constructed a career, not to mention an enormous following, round the investment vehicle known lovingly as'penny stock,' it may seem unusual for me to warn you to fear these hopeful investments. Yet, warn you I can, because I've seen three major reasons why these sub-$5 shares might be too dodgy for you. folks becoming involved with penny stock investments are purchasing the wrong corporations, for the incorrect reasons, and then using the wrong trading strategies with t...

Forex Trading - Cutting Through the Smoke and Mirrors

By: John Eather | 15/11/2009
Why there are hundreds of people trading forex market daily. How they are making money out of it? This particular article tells you the essential tricks for making money in forex market. But trader must keep in mind those whole essential criteria for the profitable trade is consistency when it comes to decision making.

How Do You Know Which Are the Best Penny Stocks?

By: Cory Espinoza | 15/11/2009
Making an investment in penny stocks is often thought to be a waste of time. Too much risk, for not enough reward is what most people believe. These folks are obviously not aware of the potential for extraordinary profits when the chance is essentially kind of small. And with a little information and tips from someone that's been there and done that you too will soon be investing successfully in penny stocks. First, observe the market attempting to find trends or patterns. T...

Secured Credit Cards - Are They Right For You?

By: Stephanie Andrews | 15/11/2009
Secured credit cards are a reliable option for many consumers looking for a new card. How to tell if they're right for you, however, depends on a number of factors. Here are some signs that a secured offer can help your financial situation. You have a Low Credit Score Are you trying...

Chase Freedom Card - What To Consider Before Getting One

By: Stephanie Andrews | 15/11/2009
There are many different credit cards to choose from on today's market. While some cater to those with poor credit, others are geared for people with a high credit score. Still others are designed for those with an average rating. If you've seen commercials for the Chase Freedom Card, you may...

Celebrity Lace Front Wigs

By: Levetta Rivera | 25/01/2008 | Fashion
Celebrity lace front wigs are all the rage. These wigs which were once exclusive to the rich and famous are now available for anyone who wants beautiful and glamorous hair.

Consolidate Debt With a Home Equity Loan

By: Levetta Rivera | 01/12/2006 | Finance
If you are a home owner who is having to borrow from Peter to pay Paul every month due to a mounting debt load, a debt consolidation home equity loan may be the answer.

Home Equity Loans

By: Levetta Rivera | 01/12/2006 | Finance
Many homeowners get a home equity loan to consolidate bills. This can be a great strategy if you are overburdened with high interest credit card and/or consumers loan debt.

No Income Verification Home Equity Loan

By: Levetta Rivera | 29/11/2006 | Finance
A no income verification home equity loan is a second mortgage loan that does not require you to provide income documentation to qualify for the loan. This type of loan is great for homeowners who need a home equity loan but have hard to document income.

125% Equity Home Loans

By: Levetta Rivera | 29/11/2006 | Finance
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.

What is a Second Mortgage?

By: Levetta Rivera | 28/11/2006 | Finance
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender's lien, hence the term second mortgage.

Do Bad Credit Home Loan Mortgages Really Exist?

By: Levetta Rivera | 22/11/2006 | Finance
What is a bad credit home loan mortgage? Do these type of mortgages really exist? The answer is an astounding yes! Contrary to popular belief, you do not have to have perfect credit to obtain a mortgage loan.