What Are the Benefits of a 100 LTV Home Equity Loan?
The big benefit of a 100 LTV home equity loan is that you can borrow the entire amount of the value of your house. Most loans do not allow you to do this. If you are in desperate need of the money, you might not qualify for a different type of home equity loan. Accessing the full amount of the value of your house can be beneficial because it allows you to make purchases with the money and deduct the interest on your taxes. For example, you could use the money to buy a car, and then you could deduct the interest on your taxes.