+12 How Much Equity Is In A Home Thats Paid Off Ideas. Get cash for debt consolidation, renovation & more. At that moment, your equity is $50,000, and your mortgage is $300,000.

Lenders generally won't allow you to borrow 100% of the value of your home. Although some homeowners use these funds to pay. If you already have a mortgage and want to borrow more money against your home, no one says you have to pay off your existing mortgage.