Ready to take on a big project? Using the equity in your home could be a great way to finance it. Get an estimate on how much money you could borrow through a home equity line of credit, which is based on a percentage of your home's value. The amount you could receive generally increases with your home's value, depending on how much you owe on first or second mortgages. This calculator provides a good starting point for your research.

Home Equity Line of Credit Calculator

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.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.