Question
Your home is currently valued at $134,000. You have a first mortgage in the amount of $83,000. If your lender applies a 80 percent loan-to-value
Your home is currently valued at $134,000. You have a first mortgage in the amount of $83,000. If your lender applies a 80 percent loan-to-value ratio for approving home equity lines of credit, what is the maximum amount you can borrow, assuming you meet all other lender requirements?
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
