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Frequently asked questions
See updated questions and answers below.
What is a home equity borrowing calculator?
It’s a tool that helps you determine how much equity you can borrow based on your home’s value and current mortgage balance.
How does the calculator determine my borrowing power?
The calculator considers your home’s estimated market value, subtracts your remaining loan balance, and shows the available equity you can borrow.
Is this calculator free to use?
Yes, this calculator is completely free for homeowners to understand their financials and make informed decisions.
Can I use this calculator for HELOCs?
Yes, the calculator is useful for estimating your borrowing power for both home equity loans and lines of credit (HELOCs).
Are the results guaranteed to match loan offers?
The results are estimates based on your inputs. Actual loan offers may vary based on lender policies and additional factors.
Do I need to provide personal information to use the calculator?
No personal information is required—just input your home value and mortgage details to get an estimate.
Can I contact financial experts after using the tool?
Yes, you can explore our platform to find financial advisors and connect with experts from Perch for further guidance.
