Awasome Home Appraisal Tips For Home Equity Loan Ideas. The credit limit of your home equity line of credit will be fixed at a maximum of 65% of the purchase price or $260,000. Your mortgage balance owing is $320,000.

Fmv is the current “fair market value” (commonly. An unbiased, objective opinion of value clear property and neighborhood description itemized. For example, if your home is worth $250,000 and you owe $150,000 on your.