Mr. and Mrs. Napper are interested in funding their children's college education by taking out a home equity loan in the amount of $24,000. Eldridge National Bank is willing to extend a loan, using the Nappers’ home as collateral. Their home has been appraised at $110,000, and Eldridge permits a customer to use no more than 70 percent of the appraised value of a home as a borrowing base. The Nappers still owe $60,000 on the first mortgage against their home. Is there enough residual value left in the Nappers’ home to support their loan request? How could the lender help them meet their credit needs?