Mikayla has a luxurious home going on the market for approximately $425,000. A few years ago, Mikayla purchased the home for $315,000. Her remaining mortgage balance is $200,000. Assuming Michael can borrow up to 80 percent of the market value of his home, what is the maximum amount she can borrow?

Mikayla has a luxurious home going on the market for approximately $425,000. A few years ago, Mikayla purchased the home for $315,000. Her remaining mortgage balance is $200,000. Assuming Michael can borrow up to 80 percent of the market value of his home, what is the maximum amount she can borrow