Financing in Jacksonville>Question Details

Jithmenon, Home Seller in Jacksonville, FL

125 LTV home equity loan

Asked by Jithmenon, Jacksonville, FL Fri Jun 15, 2012

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Frank Alters’ answer
Hi, are you asking what this is?

It looks like 125% Loan to Value home equity loan, meaning that if your house were worth $100,000 the loan could be $125,000. Didn't think anyone was doing stuff like this anymore, as this is one type of loan that got people into financial trouble down the road.

Home equity loans traditionally have not been anywhere near the full value or above the value of a home, either.

So we're confused, please help us and we will try to answer the question.

Sharon Alters
Coldwell Banker Vanguard
0 votes Thank Flag Link Fri Jun 15, 2012
Your post didn't come with an actual question attached...what can I help you with?

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
0 votes Thank Flag Link Fri Jun 15, 2012
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