Home equity lines of credit enable you to acquire cash based on the - The majority of lenders extend home equity lines of credit based on either 100% of your equity or some portion, usually 75% to 80% of your home's market value, whichever is - If you have an existing mortgage on your home, most lenders will your maximum line of credit by the outstanding balance of that mortgage. Today your home is worth $75,000. The balance you owe on your mortgage is $5,000. Your equity is $ You have to sell your home in order to gain access to your equity. According to your lending institution's policy, the maximum home equity line of credit is 80 s. of your home's worth. Eighty percent of your home's worth is $ + Your lending institution follows the practice of most lenders as described in the previous paragraph. Your line of credit will be $ . This lene of credit is consldered a loan that will be d) credit have in common? Check av that apply