Posted by James Strange on September 20, 2004 at 19:27:10:
Example home value $100,000.
Lender will lend you $125,000.
How do you qualify? Good credit and income.
I know you did not ask but the downside is a high interest rate.
Questions about a 125% loan - Posted by Scarlette
Posted by Scarlette on September 20, 2004 at 18:33:26:
How exactly does a 125% refinance loan work? What are the specifics and how does one qualify? Examples are greatly appreciated. Thanks!