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. This includes first mortgages, second mortgages, and any other debt you have secured by your home.
Information and interactive calculators are made available to you as self-help tools for your independent use and do not constitute investment advice. We can not and do not guarantee their accuracy or their applicability to your circumstances as these calculators are for illustrative purposes only. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.