High 125% LTV Mortgage-Debt Consolidation Home Loans
The 125% High LTV mortgage loans can provide upto 25% more than the appraised value of your home. For instance, if your house is worth $100,000 and you have an existing 1st mortgage of $100,000 then you could borrower up to $25k on a 2nd mortgage. These loans are an excellent way to pay off high credit card debt and benefit from the tax deductibility of the mortgage loan. Usually the credit requirements are higher on these types of loans.
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Loan application subject to credit and underwriting guide lines