Example ...

回答: No. Only based on your current equity.borisg2010-03-11 12:51:20

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).

所有跟帖: 

Sorry, should be apprasal value, not market value. -CrystalWater- 给 CrystalWater 发送悄悄话 CrystalWater 的博客首页 (0 bytes) () 03/11/2010 postreply 15:09:42

Thanks!! -SouthernCal- 给 SouthernCal 发送悄悄话 (0 bytes) () 03/11/2010 postreply 15:11:11

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