How large a line of credit can I obtain?
This tool shows the maximum possible credit line you can obtain based on your home value, existing mortgage loans, and the maximum combined loan-to-value (CLTV) ratio the lender will consider. Loans are the sum of the amount of the proposed credit line plus the balance of any outstanding mortgage debt. Value is usually appraisal value, which is an independent appraiser's assessment of the home's current market value. The greater the value of your home and/or the loan-to-value requirements of the lender, the greater the line of credit you can obtain.
For example, a lender willing to consider a CLTV of 90 percent will offer a credit line amount that - added to any other mortgage debt - equals 90 percent of the home's appraisal value.