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You own a home that was recently appraised for $310,000. The balance on your existing mortgage is $125,450. If your bank is willing to loan

You own a home that was recently appraised for $310,000. The balance on your existing mortgage is $125,450. If your bank is willing to loan up to 70% of the appraised value, what is the potential amount (in $) of credit available on a home equity loan?

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