Sean and Amy Anderson have a home with an appraised value of $220,000 and a mortgage balance of only $110,000.

1. Given that an S&L is willing to lend money at a loan-to-value ratio of 75%, how big a home equity credit line can Sean and Amy obtain? $
2. How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $100,000? $