Say your house market value is 500K
you have loan 300K,
That means you have 200K equality. (500K- 300K)
500K * 75% = 375K.
so you can get HELOC of 75K (375K- 300k).
Example ...
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Sorry, should be apprasal value, not market value.
-CrystalWater-
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03/11/2010 postreply
15:09:42
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Thanks!!
-SouthernCal-
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03/11/2010 postreply
15:11:11