125% Second Mortgage Loans

We at Loan America are one of the very few lenders able to offer more than the actual value of the property that you are refinancing. This loan really allows you to be in the driver’s seat, by granting you up to 125% of the value of your home, which refers to the combined percentage of your existing first mortgage, in addition to the new second loan. You can then use this loan to eliminate credit card balances with high interest rates, or pay for home improvements, or buy a brand new car! Loan America will not give you any restrictions in how to use the money that you receive.

Loan America offers a wide variety of different rates and fees in order to meet your specific needs. We do not require an appraisal in most cases. You may also receive a tax deduction, so consult your tax advisor for more information. For information on the 125% second mortgages that we offer at Loan America, please call us.