Oklahoma No Equity Loans
Get the money you need - even if
you don't have any home equity
 It takes years to build equity in your house. At Global
Mortgage Oklahoma we understand this. So we offer the "No-Equity" Loan program.
This program allows you to get access to the money you
need even if you have NO EQUITY. You don't have to mess with having your house
appraised. The interest from one of these loans is usually tax deductible. And
you're able to use your loan money for anything you want (we find that most
people use their money for bill consolidation).
125% Equity Loans
Many banks will loan you 80% or even 100% of your home’s value
as a Home Equity Loan. But there are times when you need even more borrowing
power. We have a revolutionary new product. A 125% Home Equity Loan. At Global
Mortgage we will loan you 125% of your home’s value. This allows you access to
the advantages of a mortgage loan without having equity in your house. Here is
an example of 125% Home Equity Loan:
| Value of Home |
$200,000 |
| Multiply by 1.25 = |
$250,000 |
| Subtract 1st
Mortgage Balance |
$180,000 |
| Available loan amount
with 125% Home Equity Loan |
$70,000 |
As you can see in this example, there is only $20,000 in
true equity in this home. Yet, this person could qualify for up to $70,000. That
is an additional $50,000 available. Money that could be used for any purpose
including bill consolidation, home improvement, college tuition, vacations,
business capital, etc.
How can we do this?
125% Home Equity Loans are a second mortgage secured by your primary
residence. Interest rates on credit are always "risk-based". Mortgage
lenders have discovered that consumers are more likely to make regular payments
on their home loans than they are their credit cards and other unsecured loans.
This lower risk loan results in lower interest rates for you. Add in the
potential tax
advantages and you have a "win-win" situation. This is why 125% Home Equity
loans can be a good option for some homeowners. Apply
online today.
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