Most well-qualified borrowers are able to take out up to 80% of the equity they have in their home. For example, someone with a good credit score and DTI ratio with a home valued at $300,000 with ...
In 2022 and 2023, following a long period of low interest rates, the US Fed fought the post-pandemic inflation shock with one of the most rapid rate-hiking cycles in history.
You can calculate the equity in your home by subtracting the amount you still owe on it from its current estimated value. For example, if your home could sell for $500,000 today and you have $ ...