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
Home Equity Line of Credit limit $170,000