Home equity lines of credit (HELOCs) are great for consolidating debt and home repairs, but the amount you can borrow depends on your lender’s loan-to-value ratio. Most allow borrowing between 80%-85% of your home value minus your mortgage balance. For example, a $350,000 home with a $100,000 mortgage could borrow up to $197,500 through a HELOC. Lenders consider factors like home value, debt-to-income ratio, credit score, income, and maximum credit limits. Other financing options include home equity loans, reverse mortgages, cash-out refinancing, home equity sharing agreements, 401(k) loans, and personal loans. HELOCs usually have variable interest rates and use your home as collateral, risking foreclosure if payments are missed. You’ll need a home appraisal before getting a HELOC, and can pay off the balance early to save on interest, but watch out for prepayment penalties.

Read more at Yahoo Finance: How much can you borrow with a HELOC?