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- Home Equity FirstLine Plus
- How much can I borrow on a Home Equity Line of Credit?
How much can I borrow on a Home Equity Line of Credit?
The amount you can borrow is determined by the equity you have in your home. The example below shows how equity is determined for a house or condominium appraised at $400,000.
Appraised property value $400,000
80% of appraised value $320,000
Less amount owed on property $150,000
Equity FirstLine Plus Credit Limit $170,000