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Sean and Amy Anderson have a home with an appraised value of $150,000 and a mortgage balance of only $75,000. Given that an S&L is
Sean and Amy Anderson have a home with an appraised value of $150,000 and a mortgage balance of only $75,000.
- Given that an S&L is willing to lend money at a loan-to-value ratio of 80%, how big a home equity credit line can Sean and Amy obtain? $
- How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $100,000?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
