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For the following second mortgage application, calculate the percentage of appraised value and the potential credit. Appraised Lender's Percentage of Balance of Potential Value Percentage

For the following second mortgage application, calculate the percentage of appraised value and the potential credit. Appraised Lender's Percentage of Balance of Potential Value Percentage Appraised Value First Mortgage Credit $68,600 65% $36,600

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