The amount you’re eligible to borrow through Prosper is based on how much equity you have in your home, your creditworthiness, your debt-to-income ratio, and your combined loan to value ratio or CLTV. CLTV is your overall mortgage loan debt expressed as a percentage of your home’s fair market value.
For example, if your home is worth $100,000 and you owe $40,000 on your mortgage, then your CLTV is 40%. When you get a HELoan through Prosper, your mortgage and HELoan combined can be worth as much as 95%1 of your home’s fair market value.
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