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photon · 05-08-2012, 02:09 PM

For a $100,000 house, a conventional mortgage would have a maximum amount of $80,000 (80% LTV). A high ratio mortgage would have up to $95,000.

I read it as meaning that for a house worth $100,000 the average HELoC is $54,000.

That number by itself doesn't mean a whole lot though without the context of the time involved (a heloc at 54% after 1 year of getting it is awesome, after 50 years not so much).

I mean a heloc at 80% LTV that never goes down could be great as long as the money that should be paying it down is going into investments or something.

05-08-2012, 02:09 PM	#2
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	For a $100,000 house, a conventional mortgage would have a maximum amount of $80,000 (80% LTV). A high ratio mortgage would have up to $95,000. I read it as meaning that for a house worth $100,000 the average HELoC is $54,000. That number by itself doesn't mean a whole lot though without the context of the time involved (a heloc at 54% after 1 year of getting it is awesome, after 50 years not so much). I mean a heloc at 80% LTV that never goes down could be great as long as the money that should be paying it down is going into investments or something. __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.