No Equity Loans

Since Equity is the difference between the amount owed on the loan and the current market value of the home or property, a "no equity loan" means that a borrower may take out a loan on a property even if there is no difference between the amount owed and the current property value.  A high LTV (loan to value) no equity loan, sometimes referred to as a 125 second mortgage or a 125 loan, means that a borrower may take out a loan up to 125% of the value of the property.

No equity loans and in particular high LTV loans are considered somewhat riskier than lower LTV loans, and the rates are extremely sensitive to a person's credit score. The money from the no equity loan may be used for any purpose including debt consolidation, home improvements, business ventures, vacations, tuitions, or any other purpose.

Savvy homeowners often take advantage of no equity loans or second mortgages to consolidate their credit card debts.  Since a no equity loan is a second mortgage home loan, the interest may be tax deductible.  The tax deduction along with the monthly savings adds up to a quicker way to pay off debt and free up some cash in a hurry.  A tax advisor should be consulted to determine interest deductibility.

Many new homeowners who may not yet have accrued equity find that a 125 second mortgage is a convenient way to lower overall monthly payments and consolidate debts incurred while financing or furnishing their new home.  By inputting some bill or payment information into our simple debt consolidation calculator , you may see for yourself if a no equity or debt consolidation loan can save you on your overall monthly payments.

You may apply online without obligation by Clicking Here or on the link below.  and a loan officer will review your information personally and let you know your savings and your options.  Apply Today.