After the lender evaluates all the information, it decides
how large a credit line you can manage.
Not exact matches
Learn
how you can use the equity you have in your house to borrow for home improvements and
large purchases through a home equity
line of
credit or loan.
The new
line of
credit you are issued sets the limit for
how much of your balance you can transfer to it — typically banks will not issue
credit limits
larger than $ 15,000.
Depending on
how much your treatment will cost, you may need to have excellent
credit to qualify for a
large enough
credit line.
Lenders use formulas to decide
how large a home equity
lines of
credit you qualify for.