This home equity loan calculator will help you determine whether you qualify for a home equity loan, how much money you might qualify for, and what it may cost you.

If you're considering a home equity line of credit (HELOC), use our HELOC calculator to estimate your loan-to-value (LTV) ratio and borrowing potential.

A home renovation loan is a form of financing that includes funds for upgrading, remodeling and repairing a home. Something ...

So, if your home is valued at $450,000 and you owe $285,000 on your mortgage, you could potentially access a home equity loan of up to $97,500 ($450,000 * .85 – $285,000).

To make things even easier, you can use Bankrate’s DTI calculator. For a home equity loan, most lenders look for a DTI ratio of no more than 43 percent. 4. Consider a co-signer.

Explore home equity loans: how they work, benefits, risks, interest rates, and qualification requirements. Find out if it's the right financial tool for you.

Pros: No closing costs; You only need a 620 credit score; Terms range from 10-30 years; Competitive rates, which currently start at 7.05% APR; Cons: The maximum loan amount is lower than other lenders ...

Home equity loans usually offer a lower interest rate than personal loans, ... Use a loan calculator to get an idea of how much you will potentially be spending.

An example: Let’s say your home is worth $200,000 and you still owe $100,000. If you divide 100,000 by 200,000, you get 0.50, which means you have a 50% loan-to-value ratio and 50% equity ...