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chase and olivia ellson have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. given that an S&L is
chase and olivia ellson have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity line can chase and olivia obtain? how much, if any, of this line would qualify as tax- deductible interest if their house originally cost $200,000
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