Lenders generally won't allow you to borrow 100% of the value of your home. In certain market
conditions, you may be able to borrow up to 90 or even 95% of the home's value but in today's
market, 80 or 85% is common.
If a lender allowed you to borrow up to...
95% of the value of your home, you could borrow No Equity
90% of the value of your home, you could borrow No Equity
85% of the value of your home, you could borrow No Equity
80% of the value of your home, you could borrow No Equity
75% of the value of your home, you could borrow No Equity
If you have a desired level of home equity in mind, HSH's Home
Equity Projector will tell you when you can expect it to become available. When this will happen
depends on amortization, any prepayments you make and future home-price appreciation. For this
calculation, if you have been making any prepayments on your loan, we assume they will continue.
OR
Estimate Future Appreciation For Me
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Future home price appreciation is based on median annual price changes for the market you select. This is derived from the Federal Housing Finance Agency's Home Price Index, and covers a time period from first quarter 1991 to the most recently available quarter. If no market closely matches yours, select "National Average Median" as a basis, or add in your own.
Here's when you will have in
borrowable equity at a range of common total loan-to-value (TLTV) ratios:
If a lender allowed you to borrow up to...
95% of the value of the home, this will occur on --/--
90% of the value of the home, this will occur on --/--
85% of the value of the home, this will occur on --/--
80% of the value of the home, this will occur on --/--
75% of the value of the home, this will occur on --/--
If you want [or need] to have a certain amount of equity by a
specific feature date, HSH's Home Equity Goal Solver will tell you what market condition and/or
prepayment action that need to happen in order for you to hit your equity goal.