Current value of your home how much of home equity loan

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Reference no: EM132040974

Presume you purchased a home 10 years ago valued at the time of purchase $240,000, currently you owe $210,000 and your home has increased in value by 1.7% every year. Given the current value of your home how much of a home equity loan you take out if the bank requires 80% rule ( 20% equity in home) ? how much of a home equity loan you take out if the bank requires 75% rule ( 25% equity in home) ?

Reference no: EM132040974

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Current value of your home how much of home equity loan : Given the current value of your home how much of a home equity loan you take out if the bank requires 80% rule ( 20% equity in home) ?

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