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Print this screen and use the worksheet below to calculate how much equity you have. This example shows a loan or line of credit up to 80% of a home's equity, less any existing mortgage. Complete "Your Worksheet" |
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| Our Example | Your Worksheet | |
| Estimated Market Value of Your Home | $300,000 | $_________________ |
| X .80 | X .80 | |
| 240,000 | ||
| Less Outstanding Mortgage amount | -150,000 | - ________________ |
| Total available Home Equity Loan or Line of Credit Limit | $ 90,000 | $________________** |
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**Approximate amount available for you to borrow. This is an example only; individual situations may vary; all loans and lines of credit subject to credit approval. Assumes a combined loan to value of 80%; Higher combined loan to value products available for those who qualify. Call us at 401-348-1200 or 1-800-475-2265. |
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