QUESTION 22 Suppose a purchaser pays $25,000 down on a $150,000 piece of property and finances the remaining $125.000. If the property is sold 7 years later for $175,000, what is the value of the seller's equity? $25,000 $50,000 plus any principal paid down on the mortgage $150,000 $175,000 QUESTION 23 A mortgage is a legally binding document that stipulates the conditions of a real estate loan True False