What is the maximum loan-to-value (LTV) for Fortivus Edge Online Bank Home Equity Loans?
The maximum LTV for Fortivus Edge Online Bank Home Equity Loans is 100%. For example, if your home is worth $200K, and you still owe $150K on your first mortgage, the amount available to borrow is $50,000. ($200,000 x 100%= $200,000 - $150,000 = $50,000)
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