Use this calculator to determine the home equity line of credit amount you may qualify to receive. The line of credit is based on a percentage of the value of your home. The more your home is worth, the larger the line of credit. Of course, the final line of credit you receive will take into account any outstanding mortgages you might have. This includes first mortgages, second mortgages and any other debt you have secured by your home.
You may qualify for a CREDIT_LIMIT home equity credit line.
This is based on a maximum debt secured by your home of MAX_OF_LOANS, which is the appraised value of your home times the loan-to-value ratio. ( APPRAISED_VALUE_OF_YOUR_HOME X LOAN_TO_VALUE_RATIO ) **GRAPH**| Results Summary | |
|---|---|
| Appraised value of your home | APPRAISED_VALUE_OF_YOUR_HOME |
| Mortgages you owe | MORTGAGES_YOU_OWE |
| Loan-to-value ratio | LOAN_TO_VALUE_RATIO |
| Maximum debt to be secured by your home | MAX_OF_LOANS |
| Line of credit | CREDIT_LIMIT |
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