How to Calculate Borrowing Capacity When Refinancing Home Loan
If you already have a mortgage and want to access more funds, refinancing is an option. The first question you'll probably have is who you can borrow from and how much you can borrow when refinancing your home loan. Knowing your borrowing capacity is critical for determining how much equity you can access when refinancing.
So, when refinancing, how do you calculate your borrowing power? Continue reading to find out more.
