How Much Can I Borrow on an Equity Loan Without PMI?

Answer You can borrow up to 80 percent on one equity loan without PMI. PMI or private mortgage insurance is typically applied to a home loan with less than a 20 percent down payment. PMI can be avoided wi... Read More »

Top Q&A For: How Much Can I Borrow on an Equity Loan Without...

How much home equity can I borrow?

Equity in your home is one of your most valuable assets. You can use the value of your home to build a good credit history and score as well as plan for the future. People commonly use the value of... Read More »

Can I borrow money from my equity if I am behind in the mortgage?

If a borrower has an open equity line of credit on his house and there is room to add additional debt, he can borrow funds from it to pay his mortgage. However, he cannot open a new or additional l... Read More »

If You Have a Home Equity Loan, Do You Have to Pay Off the Loan Before You Sell Your House?

A home equity loan utilizes the equity you have built in your home as collateral for a new debt. Typically, this debt goes toward improvements to the property, but it may also be used to purchase c... Read More »

Home Equity Loan Vs. Auto Loan?

Homeowners have loan options when they want to purchase a car. For example, they may acquire an auto loan or use a home equity loan. However, it's best to weigh the benefits and drawbacks of each o... Read More »