125 Refinance Mortgage

Few lenders will finance a house at 125% value.
Ditech.com is one of the few lenders to offer loans over and above the value of your property. Their Freedom Loan lets you borrow up to 125% of your home's value.

Ditect also states that 125% of your home's value refers to the combined percentage of your existing first mortgage and a new Freedom Loan.

We urge you to consider all the facts here. What if the value of your home plummets? It looks like in 2007 real estate prices will correct, if not take a dive.

Real estate is not what it used to be. Refinancing a mortgage at 125% over the value of your home might be very risky.

E-LOAN's web site states " The 125% Home Loan is a perfect way to consolidate your bills. This loan allows you to pay off all of your credit cards, consumer loans, and other bills, combining those outstanding balances into one low monthly payment. You can also get cash out to use as you wish and still have a lower total payment!"

Again, we urge you to be cautious.