Equity Loan Information

Are there restrictions on 125% home equity loans in Tennessee?

Public Comments

1. Yes. First, you must have good credit. Your debt ratios must be under 43%. The property must be a single-famiily detached residence. There are others, but these are usually the deal-killers. Call me if I can help. Rick Lanicek www.primelendingonline.com
2. If you try to sell your home in 5 years, you will be upside down on the loan. This means that you will owe more money to the bank than your house is worth. It can cost you thousands!