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Welcome to the Financing Resource Directory informational page
for home mortgage financing. Please read the information below.
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This popular home equity loan program is a great way to get extra equity out of your home and get 25%
above your current home value with this second mortgage program!
Cashing-out equity for home improvements or for an investment opportunity may be another
reason for selecting this type of loan program.
Example of how you may benefit from our 125% LTV Second Loan Program:
...Before Second Mortgage:
Home Value: $200,000
Credit Card Debt: $100,000
Rate: 6.85%
Term: 30 Years
Mortgage Payoff: $150,000
Monthly Mortgage Payment: 1,311
Monthly Debt Payment: $1,250
Total Debt: $2,561
...After Second Mortgage:
New Loan Based on: $250,000 Home Value
New 2nd Loan: $100,000
New Rate on Second: 10.50%
New Payment on Second @ Interest Only: $875
* Payments based on 10 Year Term Interest Only, 125% ltv, 2nd lien position, 10.5% rate, 10.99% APR.
APR may vary depending on term and amount.
Rates are subject to change.
Loan application subject to credit and underwriting guidelines
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The Computer Resources Directory
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