Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78
Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78
Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78
Are there restrictions on 125% home equity loans in Tennessee?
By
Chris C
Posted on
08/27/06 Total Answers
2
Answers-
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
Answer by :
rlanicek On Date
2006-08-27 06:43:31
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!
