Your home was recently appraised for $172,000. The balance on your existing mortgage is $120,650. If your bank is willing to

Question

Your home was recently appraised for $172,000. The balance on your existing mortgage is $120,650. If your bank is willing to loan up to 75% of the appraised value, what is the
potential amount of credit available on a home equity loan?
O $8,350
O $51,350
O $90,488
O $129,000

Kunduz · Accepted Answer

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