FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You own a home that was recently appraised for $330,000. 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 $330,000. The balance on your existing mortgage is $125,450. If your bank is willing to loan up to 80% of the appraised value, what is the potential amount (in $) of credit available on a home equity loan?

$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Public Health And Not For Profit Organizations

Financial Management For Public Health And Not For Profit Organizations

Authors: Steven A. Finkler

4th International Edition

0132912813, 9780132912815

More Books

Students also viewed these Finance questions

Question

★★★★★
What are the three criteria that must be met to justify recognition of an item in the financial statements?

Answered: 1 week ago

Question

★★★★★
Torre et al. (A-30) conducted a study to determine serum levels of nitrite in pediatric patients with human immunodeficiency virus type 1 (HIV-1) infection. Subjects included 10 healthy control...

Answered: 1 week ago

Question

★★★★★
Explain how a U.S. companys commitment to purchase inventory with settlement in foreign currency (FC) might become less attractive over time and how adverse effects on earnings could be reduced.

Answered: 1 week ago

Question

★★★★★
Discuss the importance for companies like Facebook to make use of an appropriate risk classification system. Using your own relevant examples, examine how the FIRM risk classification system can...

Answered: 1 week ago

Question

★★★★★
Basic Demographics of Sample (for Participants subsection of Methods section): 111 total responses to survey Seven responses removed from data for reporting ages far outside typical college age range...

Answered: 1 week ago

Question

★★★★★
An automaker entered the marketplace with a car to compete with two other brands already in that market. In the first month after introduction, the new entry got 355 sales of a random sample of 1000...

Answered: 1 week ago

Question

★★★★★
How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

★★★★★
Explain the Pascals Law ?

Answered: 1 week ago

Question

★★★★★
A report (LO8) on United Nation following issues: 1- Brief introduction to the organisation and sector it operates in, including a summary of the past 3 years' revenue (2020 to 2022), operating...

Answered: 1 week ago

Question

★★★★★
What are the objectives of performance appraisal ?

Answered: 1 week ago

Question

★★★★★
Based on your life and work experience, what percentage of people would you say really has integrity (that is, are honestdont lie, steal, or cheatand sincere)? Give some examples of how certain...

Answered: 1 week ago

Question

★★★★★
How would you rate Hsiehs leadership using the Leadership Grid?

Answered: 1 week ago

Question

★★★★★
Which leadership challenges might occur if Zappos goes international?

Answered: 1 week ago

Previous Question Next Question