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.