SECOND MORTGAGE PROGRAMS:
125%
Home Equity Loan
125% home equity loans are an option for some homeowners seeking to consolidate
debts, make home improvements, or obtain some extra cash with little or no equity
in their home. These mortgages are typically in the form of a second mortgage
or second trust deed. By paying off high interest credit cards, you can significantly
lower your monthly payments and save tremendous amounts of money otherwise spent
on debt payments. As an added bonus, you may also be eligible for a significant
tax benefit associated with most mortgage backed loans.