125% Second Mortgage E-mail
One of the hottest products in the mortgage market is the 125% second mortgage. This is a program which allows you to borrow up to 125% of the current value of your home. These are great programs for debt consolidation and home improvement.

No Equity Home Loan

  • 125% second mortgages are also known as No Equity Home Loans they allow you to borrow up to 125% of the equity in your home. So for example if your home is worth $100,000 and you owe $100,000 on the first mortgage, you can still borrow up to $25,000.
  • The "no equity home loan" program is available to new and seasoned homeowners. If you are a new homeowner you will need to have had your home or current first mortgage for 3 months to be eligible. In many cases, a home appraisal will not even be required.

Credit Requirements

  • A strong credit profile is necessary to qualify for a 125% second mortgage including full income documentation and verification, there are no limited or no documentation options for a 125% second mortgage. These loans are only available for refinances and have many other requirements. If you feel burdened down by excessive consumer debts, this may be the right program for you. Contact us or apply online to see if you qualify for this special program.

Why Eminent Mortgage

  • Eminent Mortgage will assist you in finding what ever loan program bets fits your situation weather it's a 125% second mortgage, or a new home owner loan.
  • Eminent Mortgage offers fast and friendly service, it isn't unusual for our clients to close their loans with us within a few weeks, we have the best team around and pride ourselves on customer service and satisfaction.
  • Make sure you apply online or call us toll free at 866-559-4694.
 
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