We're pleased to offer a website where you can get a current estimated value of your home. The site is fast, free and completely confidential. In most cases, you'll get a value within seconds. There's no cost for this service, it's being provided by the credit union as a benefit to our members. Unlike some sites that result in unwanted calls from real estate agents, mortgage brokers and telemarketers, no one will contact you as a result of your request. You can even request a quarterly update of your home's value by e-mail.

While the value generated on this site cannot be used to determine eligibility for a home equity loan (only a full appraisal can do that), it can give you an idea of how much equity you may have. To estimate whether you have enough equity to qualify for a home equity loan, use the following formula:

Multiply your current home value by .8 (we'll lend up to 80%). From that number subtract the balance of your first mortgage and any other mortgages or home equity loans on the property. The remainder is the amount for which you may apply.

For example, let's say your home's current value is $300,000. Multiply that by 80% which results in $240,000. Assuming you have a first mortgage with a balance of $120,000 and a second mortgage with a balance of $20,000, you could apply for a home equity loan of $100,000.

Current value of home:	$300,000
	x          .8
	$240,000
First mortgage balance	-120,000
Second mortgage balance	-20,000
Amount eligible	$100,000