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You apply for a home-equity loan. Your first mortgage has a current balance of $211,700. Based on an appraisal of $324,000 and an 80% LTV
You apply for a home-equity loan. Your first mortgage has a current balance of $211,700. Based on an appraisal of $324,000 and an 80% LTV ratio, what is the maximum line of credit you can get?
| $259,200 | ||
| $169,360 | ||
| $47,500 | ||
| $89,840 |
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