Question
Two years ago, Jay bought a condo for $300,000. It is currently worth $400,000. The current mortgage balance is $150,000. Calculate the maximum home equity
Two years ago, Jay bought a condo for $300,000. It is currently worth $400,000. The current mortgage balance is $150,000. Calculate the maximum home equity line of credit he could receive. The financial institution provides maximum home equity loans for 80% of the equity
| a. | $320,000 | |
| b. | $120,000 | |
| c. | $240,000 | |
| d. | $200,000 |
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Impact Investing In Africa A Guide To Sustainability For Investors Institutions And Entrepreneurs
Authors: Edward Mungai
1st Edition
3030004279,3030004287
