Example ...
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).
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).