Калькулятор кредита под залог жилья
The detailed guide below is currently available in English.
How much equity can you borrow?
Lenders limit the combined balance of first mortgage plus the new loan to a percentage of the home's value, commonly 80%. At that cap, a $500,000 home carrying a $300,000 mortgage can support a second loan of up to $100,000. The payment works like any fixed-rate installment loan: level monthly payments that fully retire the balance at the end of the term.
Частые вопросы
How is this different from a HELOC?
A home equity loan gives you one lump sum at a fixed rate; a HELOC is a revolving line you draw as needed, usually at a variable rate. See the HELOC calculator to compare payment structures.
Is the interest tax deductible?
Interest is potentially deductible only when the funds are used to buy, build, or substantially improve the home securing the loan, and only if you itemize. Confirm specifics with a tax professional.