Equity Line Exceeding Home's Value Offered

A lender here is offering home equity loans of up to 125% of a property's appraised value.

The company, Coastal Mortgage Corp., has lined up investors that are willing to buy loans that exceed the conventional limits, said Allen Hardester, marketing director.

Under its program, Coastal Mortgage will lend up to $60,000 for borrowers to improve their homes and consolidate debt.

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