Incredible Home Equity Loan Rules Ideas. A reverse mortgage is a loan that allows you to get money from your home equity without. Home equity loan rules will generally require an appraisal from a lender appointed appraiser.

At least 15% to 20% equity built up in your home a credit score of 620 or higher a. When you wait to make home upgrades until you can afford to pay cash for them,. What you owe on your mortgage and what you owe on a home equity loan must.