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Ella owes $82,000 on the mortgage on a condo that she owns. The condo is worth $133,500. She wants to take out a home equity
Ella owes $82,000 on the mortgage on a condo that she owns. The condo is worth $133,500. She wants to take out a home equity loan. The bank loan officer tells her that the maximum loan to value percent is 90%. How much could Ella borrow with her home equity loan? O $120,150 O $38,150 O $133,500 O $73,800
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