Question
The current market value of a home is $250,000 with a mortgage balance of $180,000. If the lender requires a 90% maximum loan to value
The current market value of a home is $250,000 with a mortgage balance of $180,000. If the lender requires a 90% maximum loan to value ratio, what is the home equity credit limit on this house?
Group of answer choices
$63,000
$25,000
$45,000
$18,000
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
