Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you own a home that was recently appraised for $39

You own a home that was recently appraised for $390,000. The balance on your existing...

80.2K

Verified Solution

Question

Basic Math

image

You own a home that was recently appraised for $390,000. 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?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

1)What are some common ethical issues for forensic scientists?. 2)What are the arguments against euthanasia?

Chemistry
1.2K views

HOT COFFEE: Your breakfast restaurant needs to buy a container to hold coffee. Generally, restaurants wish to...

Psychology
1.2K views

Race, Ethnic, Culture, and Class Issues Social workers in Minneapolis have discovered that many of their Somali...

Advance Math
1.2K views

Determine if the binary relation <= is a partial order on A in the following cases: (a)...

Geometry
1.2K views

DIRECTIONS Select all correct answers Given ASUN and ADAY S U N D A Y...

Geometry
1.2K views

A semi circular baggage compartment in an airplane is 38 long 15 wide and 7...

Basic Math
1.2K views

The event of you going to work is A and the event of you taking...

Calculus
1.2K views

Find the derivative of f(x) = 3?x -9a 10/2x8.Type your answer without fractional or negative...

Accounting
1.2K views

Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana....

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] The...

Accounting
1.2K views

How to load a document to check for plagiarism on chegg

Accounting
1.2K views

Oslo Company prepared the following contribution format income statement based on a sales volume of...