February 8th, 2010
February 8th, 2010
Home Equity Line Limits
Are there Home Equity Line limits? It seems any banks that are still doing home equity lines of credit (also known as a HELOC) have limited them to an 80% combined loan-to-value (LTV). This means that the existing 1st trust mortgage and any equity line cannot exceed 80% of the current appraised value. For example: Read More
