For many people, your largest asset is your home. While it is important to remember that while you are living in your home, this asset serves as a home first and not a bank account; you can, however, access the value of your home in the form of a home equity loan or a line of credit.
The combined loan to value ratio (CLTV) is the amount you owe on outstanding home loans, divided by the market value of your home. If that ratio is high, lenders will hesitate to let you borrow against the home’s value. Typical CLTVs these days run in the 70-80% range.