Home Equity Line Qualification
Based on Various Guidelines
Home equity lines are offered based on the what is commonly known as Combined Loan to Value (CLTV). Which is determined by combining the 1st mortgage loan and the desired credit line and dividing by the value of the property.

The higher the ratio the higher the rate. As the the higher ratio is normally associated with higher risk level. Factors that will determine what ratio will be acceptable to a lender include but are not limited to; credit rating, documentation level, debt ratio, and loan amount.   

Home Equity Line Qualification
Estimate how large of a credit line you may be able to qualify for, for up to four lender Loan-to-Value ratios (percent of value of home a lender is willing to loan out).
Appraised value of property ($):
Total of mortgages owed against property ($):
Loan-to-value ratio 1 (%):
Loan-to-value ratio 2 (%):
Loan-to-value ratio 3 (%):
Loan-to-value ratio 4 (%):
Percent of Appraised Value
Max amount of loans possible:
Less existing loans:
Your credit limit:

 

 

   

 
     
     
 
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