How much home equity can I borrow?

Answer 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 »

Top Q&A For: How much home equity can I borrow

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

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

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 »

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 »

How soon after buying a home can you obtain a home equity loan?

In some cases, you can apply immediately. Home equity loans are based on the value of the home versus the amount owed. Those who bought below market value or who had large down payments will have m... Read More »