Tuesday, June 9th, 2009
The 125% home equity loan is a second mortgage. It allows the borrower to borrow more than the value of his home. As the name suggests, it allows to borrow 25% more than the value of the home. If your home has been appraised at $200,000 and it has a ...
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Tuesday, June 9th, 2009
Homeowners can also use the equity in their home to their advantage by applying for a 125% loan and receiving cash for any essential bills. 125 home Equity loans are also tax deductibles. Interest paid is not deductible from personal loans or credit cards.
In other words, a 125% home equity loan ...
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