Home Equity Line of Credit

Home equity is the difference between your home's fair market value and the unpaid balance of the mortgage and any outstanding debt over the home. More technically, home equity is the value of a your unencumbered interest in your property(s). It increases as the mortgage is paid or as the property enjoys appreciation.

Home equity is calculated by subtracting the amount still owed on all outstanding loans against the property from the then fair market value of the property.

For example, if your home's market value is $200,000 and you owe $60,000 on your mortgage, then you have $140,000 equity in your home.

If you would like to talk to a Home Loan Expert and learn more about home equity lines of credit, refinancing, applying for a mortgage or a home equity line of credit, simply fill out the form below for a free, no-obligation consultation.

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Loan Information

Loan Amount: -- select one below --100,000125,000140,000160,000180,000200,000220,000240,000260,000280,000300,000320,000340,000360,000380,000400,000420,000460,000480,000500,000550,000600,000650,000700,000750,000800,000850,000900,0001,000,0002,000,0003,000,0004,000,0005,000,000   Loan Purpose: -- select one below Home Refinance Debt Consolidation Cash-Out Refinance Home Equity Home Purchase Home Improvement Home Value: -- select one below --80,000100,000125,000140,000160,000180,000200,000220,000240,000260,000280,000300,000320,000340,000360,000380,000400,000420,000460,000480,000500,000550,000600,000650,000700,000750,000800,000850,000900,0001,000,0002,000,0003,000,0004,000,0005,000,000   Property Type: -- select one below -- Single Family Multi-Family Condominiums Mobile Home Credit Rating: -- select one below -- Excellent Moderate Poor   Interest Rate: -- select one below --3.0%3.5%4.0%4.5%5.0%5.5%6.0%6.5%7.0%7.5%8.0%8.5%9.0%9.5%10.0%10.5%11.0%11.5%12.0%Don't Know Best time to call: -- select one below -- Anytime Morning Afternoon Evening   Mortgage Balance: -- select one below --010,00020,00040,00060,00080,000100,000125,000140,000160,000180,000200,000220,000240,000260,000280,000300,000320,000340,000360,000380,000400,000420,000460,000480,000500,000550,000600,000650,000700,000750,000800,000850,000900,0001,000,0002,000,0003,000,0004,000,0005,000,000

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Home Equity