If you are trying to figure out how much money you can borrow for your home improvement project, you may need to first decide what kind of loan method is best for you. Once you know what kind of financing you would like, then you can start to figure out how much you can borrow.
For example, if you are looking for a personal home improvement loan, then you can always prequalify to determine how much you can borrow. If you are looking for a home equity loan, you can calculate your home's equity by subtracting your mortgage balance from your home's value. This calculation should help you estimate how much you can borrow. Again, to figure out how much money you can borrow, you need to first determine which financing option is best for you because loan amounts can vary depending on the lender and the loan type.