125% Loan

A mortgage loan for 125% of property value.

Since such loans are only partly secured, they have many of the characteristics of unsecured loans, including relatively high interest rates. Rates are largely determined by the borrower's credit score, however, and can be quite reasonable when the score is high. A drawback is that borrowers have difficulty refinancing 125% loans and can't sell their house without defaulting unless they can come up with the additional cash required to pay off the 125% loan.

单词	125% loan
释义	125% Loan 125% Loan A mortgage loan for 125% of property value. Since such loans are only partly secured, they have many of the characteristics of unsecured loans, including relatively high interest rates. Rates are largely determined by the borrower's credit score, however, and can be quite reasonable when the score is high. A drawback is that borrowers have difficulty refinancing 125% loans and can't sell their house without defaulting unless they can come up with the additional cash required to pay off the 125% loan.
随便看	ercpcp ercs ercsc ercsd erct erctp ercts ercu ercv ercwc ercws er&d erd erda erdaf erdam erda port erdas erdas hierarchal file architecture erdb erdba erdbd erdc erdcc erdci