Awasome Fastest Way To Get Home Equity Loan Ideas. A home equity loan can be a good financing option for people who have ample home equity but do not have the cash to fund a major home repair. All you need to do is subtract your remaining mortgage balance from the current appraised value of your home to calculate your home equity.

Borrow equity for the right reason. To get that money, you would take out a new mortgage for $250,000 and receive a $50,000 check at closing. Home equity line of credit get the cash you need without leaving home apply with our 100% online application in minutes and receive funding in as few as 5 days.