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100%
Home Equity Loans
125%
home equity loan
What
is a 100% home equity loan?
Its a second mortgage
that allows you to borrow up to 100% value of your home. It's generally
tax deductible up to 100% of the value of your home. Loan terms can be
as long as 30 years due in 15 or simply 15 years amortized.
Qualifications
for 100 % home equity loans
- FICO based program with minimum
of 640 middle score required.
- Ownership
in the property 6 months to get a new appraised value.
- No
Bankruptcies and foreclosures in the last 2 years.
- Documented
income.
Why
should I apply for a 100 % Second Loan?
- Pay
off credit cards,second loans,and other debt.
- Lower
your payments by hundreds of dollars each month, and make only one easy monthly
payment.
- Make
home improvements, pay college tuition, or just take a vacation.
- Tax
deductions ( please consult your CPA)
What
is the criteria for 100 % LTV Second Mortgage ?
- FICO based program
with 640 middle fico.
- Stated income 680
middle fico score required
- Some Cash Out restrictions
- Loan amounts up
to $200,000.
- For A- Credit
borrowers
- Bankruptcy 2 years
discharged.
- Appraisal required
for amounts above $35,000
- Six months seasoning
to get new appraised value.
Apply
Now
Loan
Application
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