Buying a house could be the first faltering step to home equity that is building Do we be eligible for a true house equity loan? In the event that value of your property is more than your home loan stability, congratulations—you have actually house equity. Loan providers additionally think about your debt-to-income ratio, credit rating along with other facets to find out your creditworthiness if your wanting to can be eligible for a house equity loan or personal credit line. If you meet the requirements for a home equity loan after you understand what a home equity loan is and how it works, you’ll need to determine.