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Question 16 (0.15 points) A few years ago, you purchased a home for $83500. Today, the home is worth $107300. Your remaining mortgage balance is

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Question 16 (0.15 points) A few years ago, you purchased a home for $83500. Today, the home is worth $107300. Your remaining mortgage balance is $45328. Assuming you can borrow up to 80 percent of the home's current value, what is the maximum amount of cash you could borrow in a cash-out home refinancing? Your Answer: Answer View hint for Question 16 Question 17 (0.15 points) You want to purchase a new home for $230,000 using a mortgage that requires a maximum loan-to-value ratio of 85%. What is the minimum down payment you must make? Your

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