125% Home Equity Loans – Why Some Borrowers Need Them
- on 11.30.11
- Home Equity
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You might ask yourself: if a mortgage is for buying a house, why would some borrowers need a 125% home equity loan? A house costs, per definition, 100% of its value, so why the additional 25%? As a matter of fact, many borrowers need it, and even if many lenders don’t offer mortgage that high, [...]