Your Home
July 27th, 2010
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Your Home
How much of your home equity can you borrow against your home?
Is there a "cap" of what you can borrow against your home? WE live in Ontario.
What more info? We owe $205K, our home is worth $350K. How much can we borrow? Surely there has to be a limit based on our income??
80% of the appraised value. Obviously you will also need to have the income to qualify, they expect you to repay the money.
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