You have a home with a market value of $200,000.Your total equity in the home is $40,000.The maximum home equity loan available if the bank will loan 80 percent based on equity invested is
(a)$28,000.
(b)$32,000.
(c)$112,000.
(d)$128,000.

Question

Quizplus · Accepted Answer

The Answer of You have a home with a market value of $200,000.Your total equity in the home is $40,000.The maximum home equity loan available if the bank will loan 80 percent based on equity invested is
(a)$28,000.
(b)$32,000.
(c)$112,000.
(d)$128,000.

You Have a Home with a Market Value of $200,000