For the following second mortgage application, calculate the percentage of appraised value and the potential credit: $$\begin{array} { l l l l l }
\text { Appraised } & \text { Lender's } & \text { Percentage of } & \text { Balance of First } & \text { Potential } \
\text { Value } & \text { Percentage } & \underline { \text { Appraised Value } } & \underline { \text { Mortgage } } & \underline { \text { Credit } }\
\$120,600&60\%&&\$40,300&
\end{array}$$

Question

For the following second mortgage application, calculate the percentage of appraised value and the potential credit: $$\begin{array} { l l l l l } 
\text { Appraised } & \text { Lender's } & \text { Percentage of } & \text { Balance of First } & \text { Potential } \
\text { Value } & \text { Percentage } & \underline { \text { Appraised Value } } & \underline { \text { Mortgage } } & \underline { \text { Credit } }\
\$120,600&60\%&&\$40,300&
\end{array}$$

Quizplus · Accepted Answer

The Answer of For the following second mortgage application, calculate the percentage of appraised value and the potential credit: $$\begin{array} { l l l l l } 
\text { Appraised } & \text { Lender's } & \text { Percentage of } & \text { Balance of First } & \text { Potential } \
\text { Value } & \text { Percentage } & \underline { \text { Appraised Value } } & \underline { \text { Mortgage } } & \underline { \text { Credit } }\
\$120,600&60\%&&\$40,300&
\end{array}$$

For the Following Second Mortgage Application, Calculate the Percentage of Appraised