Canady Investments

How much can you borrow against your property without refinancing?

A business-purpose line behind the mortgage you already have — so a 3% first mortgage stays a 3% first mortgage. See the line your equity supports before you talk to anyone.

Your primary residence or a second home. Business-purpose use of proceeds only — this is not a consumer home-equity loan. Available in 32 states. In Texas and New York the line goes no further back than a 2nd lien, second homes and investment property are not eligible, and Texas carries a $35,000 minimum.

What the property is worth

What you still owe on it (all existing mortgages)

Credit score

Where this line would sit (1st, 2nd, or 3rd)

Interest rate (your estimate — the desk confirms the real one)

Repayment term (10, 15, 20, or 30)

yrs

Gross monthly income (0 to skip the income test)

$/mo

Monthly debt payments you already make

$/mo

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Educational and business-purpose only. Not a loan offer, a commitment, or a guarantee of funding or terms. Canady Investments is a broker to a network of capital providers; actual terms depend on the lender.