To calculate the maximum home equity line of credit you can obtain, find 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. A lender willing to consider a CLTV of 75% will offer a credit line amount that - added to any other mortgage debt - equals 75% of the home's appraisal value.
Calculate Potential HELOC Size
Provident Credit Union serves the entire San Francisco Bay Area and
beyond with the best financial products that credit unions can offer, such as
Mortgages (Real Estate Loans) (and
Online Mortgages) with many
Mortgage Types and
Low Mortgage Rates,
auto loans (car loans),
savings accounts and certificates,
Provident Credit Union offers Membership to anyone who
lives or works in several bay area
counties, including San Mateo County, San Francisco County, Santa Clara County,
Alameda County, or Contra Costa County, and also to anyone who lives or works in
Monterey County, Sacramento County, El Dorado County, Placer County,
or Humboldt County.
Provident Credit Union
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