Catlover47741 Catlover47741
  • 18-06-2024
  • Business
Answered

Emilio's home was recently appraised for $235,000. The balance of his first mortgage is $121,000. The bank is willing to lend up to 85% of the appraised value for a home equity loan. What is the amount of credit available for a home equity loan?
Available credit: ____



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