You Need Equity for a Home Equity Loan. It is calculated by taking the amount of the mortgage and dividing it by the current appraised value of the home. So that $300,000 mortgage divided by the $500,000 value home equals a 60 percent LTV. This is good; it is below the maximum LTV threshold.
Camille wants to take out a bridging loan because she’s found the perfect home to move into but doesn’t. There are some.
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