Can you increase your HELOC limit as you gain equity? Yes — here's how.

If you have a HELOC and believe your home's value has grown substantially since your line of credit was established, how hard is it to get your lender to raise your borrowing limit? Here's what you'll want to know. How to increase your HELOC limit Your home equity line of credit will not automatically increase if your home’s value increases. To access that added value, you'll likely have three options, depending on your lender: Ask your current lender to increase your credit line. Called a loan modifica ...