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Use this calculator to determine the home equity line of credit amount you may qualify to receive. The line of credit is based on a percentage of the value of your home (generally up to 80%). The more your home is worth, the larger the line of credit. Of course, the final line of credit you receive will take into account any outstanding mortgages you might have as well as your overall debt-to-income ratio. This includes first mortgages, second mortgages, other debt you have secured by your home and other credit factors.
For more information about these these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.