125% CLTV, are they around?
I have a 30 yr fixed mortgage at 5.625%.I would like to do some home improvements and pay of some debt. I have heard about the 125% equity loans. Are these available to current home owners or only new buyers? by markhov from San Dimas, California. May 14th 2010
Joann Grand (jgrand)
#9 ranked lender in Hawaii - 2 contributions
The DU Refi Plus/ HARP (Home Affordable Refinance Program) did allow up to 125% CLTV however it was ONLY for a Rate & Term refinance (no cash out). It was designed to allow people to keep their homes and refinance in a more affordable payment even if their values have declined.
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