Question
The market value of John's home is $210,000 and the current balance of his mortgage loan is $110,000. He can borrow up to 75% of
The market value of John's home is $210,000 and the current balance of his mortgage loan is $110,000. He can borrow up to 75% of the total value of the home less than the mortgage. How much can he borrow with a home equity loan?
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Global Business Today
Authors: Charles Hill
7th Edition
0078137217, 9780078137211
