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125% Home Equity Loan
125% Home Equity Loans are a simple solution. Many people with good credit have limited available cash resources. 125% Home Equity Loan gives you the home equity solution that you have been searching for. It allows you to pay off current credit card debt, reduce monthly expenses or finance home improvements or major purchases by borrowing up to 125% of the value of your home. To determine how much you can borrow, multiply the current value of your home by 125% and subtract the balance on your current mortgage. The difference is the amount available to you to pay off your bills! Maximum loan amount is usually $300,000.
125% Home Equity Loans can reduce your monthly payments significantly if you are consolidating your debt. While rates are usually higher than a traditional second trust or home equity loan, they are lower than consumer or credit card rates and offer longer repayment terms, saving you money. Add up your total bills and your payments.