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Isaiah and Alison Burton have a home with an appraised value of $140,000 and a mortgage balance of only 570,000 . Given that an 5aL

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Isaiah and Alison Burton have a home with an appraised value of $140,000 and a mortgage balance of only 570,000 . Given that an 5aL is willing to lend money at a Ioan-to-value ratio of 70 percent, how big of a home equity credit line can Isaiah and Allison obtain? 5 How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $100,000

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