KBID 86 Date Created: 4/3/2003 Date Modified: 3/21/2018
Progressions loans up to 85% of the equity available in the home for mortgages and 100% for home equity lines of credit.
Take the market value of your home X 85%. Take that value and subtract the current 1st mortgage (or other mortgages). For example, if your home is worth $100,000: