Q:Question:A couple wishes to borrow money using the equity in their home for collateral. A loan company will loan them up to? 70% of their equity. They puchased their home 11 years ago for ?$64,781. The home was financed by paying 10?% down and signing a 15?-year mortgage at 9.6?% on the unpaid balance. Equal monthly payments were made to amortize the loan over the 15?-year period. The net market value of the house is now? $100,000. After making their 132nd ?payment, they applied to the loan company for the maximum loan. How much? (to the nearest? dollar) will they? receive?A:Answer:See a step by step answer