Posted by Lyal on September 09, 2003 at 07:17:57:
Heloc’s are not written for an infinite amount. In some cases it will be a percentage of full market value (80%,90% and sometimes as much as 125%). Somewhere in your closing docs it will tell you the limit. Also, in most cases, you can log on to your bank’s web site and get the account details there.
All the best, Lyal