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By looking at your individual debts and unlocking additional improvements like paying off individual debts to boost your income-to-debt ratio, our Borrowing Optimizer app unlocks > 20% more cash on average. Try it out for free!
To calculate the amount of money you can borrow, simply enter your current income and payments on debts. We’ll help you understand how much money you can borrow and the best way to do that.. Our calculator works with real time rates – as the lenders and costs of financing vary by where you are looking – to give personalized estimate of how much home you can borrow. Please note this calculator is for educational purposes only and is not a denial or approval of credit. The accuracy of the borrowing calculation is based on the accuracy and completeness of the information provided by you.Figure out the maximum amount you can borrow against your home
Wondering how to borrow against your house to quickly get cash at the lowest rates? Your borrowing power is a function of your income and the debts you owe (aka your debt-to-income ratio or DTI) and your credit history. Our calculator – unlike others – takes DTI into account, and optimizes across live rates and multiple options like HELOCs and HEIs so you don't have to get confused. If you want to get a definite answer including your credit history use our borrowing app for free.
Wondering the best way to borrow against your house? Before you jump to any conclusions, you can enter in a few details into our calculator to quickly figure it out.
The best way to tap into your equity depends on your particular situation, e.g. what’s your credit situation, your income and existing debts… your cost also depends on these items. Secured loans like a home equity line of credit or cashout-refinance will be the lowest interest rates available, while a home equity "tap" or co-ownership product's cost will ultimately be higher but have no monthly payments for you right now.
Your credit score - this summarizes your credit history (imperfectly) for lenders to make their decision off of. As they don’t know you personally they need something to go on! If you don’t have one there are lenders and alternative approaches that are a good home for your business too.
Your homeownership status - whether you rent or own will be a big driver of the types of loans that are best for you.
Your other debts - these are important as they determine what equity is available in your home, or how much monthly payments you already need to make.
Your location - some lenders are only available in certain states and pricing changes by market, so you need this to figure out what’s available.
We then shop across all the prices we can find, whether they’re advertised prices, or prices we get directly from lenders in our marketplace. We also block lenders that don’t live up to their prices.
There're many different ways to get cash online: cash-out refinances, home equity loans or lines of credit, home equity investments, and personal loans. There is almost always some lender somewhere willing to give you cash, it just depends how much and at what price.
HEI place a lien on your home, go down to lower credit scores, and give you cash today. It’s like selling a piece of your house to a co-investor. We scan across these options for you.