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 EQUITY MORTGAGE
Need CASH for any reason? If you apply on
Monday, you may have the money in
your hands before Friday with an equity loan! Many times, these types of loans do
not verify income and require very little paper work. North Mortgage may be able to
help you even if you have credit problems. Contact us for a FREE evaluation.
NO-EQUITY MORTGAGE
(Up to 125% of Home's Value)
When current loan balances approximate the home's value, consider a NO-EQUITY
loan. There are many personal reasons for taking this type of loan, even though it
carries a high interest rate.
Lender's Perspective: If you cannot pay the loan back for any reason, the lender may be left with a property that's worth less than the money you borrowed. (Example: Loan Amount $90,000 and Property Value is only $80,000.) This is risky business for the lender! Therefore, the lender is willing to lend you the money only if you have excellent credit.
Contact us. A North Mortgage loan officer will give you a professional opinion.
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