Awasome Home Equity Purchase New Home Ideas. Home equity loans allow homeowners to borrow against the equity in their current home, with the loan amount based on. As you pay down your mortgage balance, the amount of your home equity usually.

There are a variety of. How much do you owe on your home, including your mortgage balance and any other secured debt? Say your home’s value falls 5 percent, to $380,000, and you still owe $200,000 on your.