9. If your monthly before-tax income is $2,000 and your monthly take-home pay is $1,500, your maximum monthly consumer credit payments should not exceed? Provide your calculations, explain your answer.

10.Haun and Mei have a home valued at $120,000 and an outstanding mortgage of $75,000. If their lender is willing to provide a home equity loan of up to 80% of market value, how much could they borrow using a home equity loan? Provide your calculations, explain your answer.