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For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Lender's Percentage Percentage of Appraised Value
For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $).
Appraised Value | Lender's Percentage | Percentage of Appraised Value (in $) | Balance of First Mortgage | Potential Credit (in $) |
---|---|---|---|---|
$328,900 | 75% | $ | $199,500 | $ |
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