How much can I borrow?
There are three primary factors that will affect how much you can borrow.
1. Your home’s value and equity
The higher your appraised home value is and the more of it you own outright, the more funds you may be able to borrow
2. Current interest rates
Higher amounts may be available when interest rates are low.
3. Your age
The age of the younger homeowner helps determine the amount you may borrow. The older the borrower(s), the more funds may be available.
Once we determine the maximum amount you’re eligible for, you may choose to receive your proceeds in one of these ways:
- A line of credit
- A lump sum
- Monthly payments