How Large A Line Of Credit Can I Obtain?
Source: Kiplinger Washington Editors
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.
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| Date: | Jan 2008 |
