Solved

Harry Purchased His Condo for $330 000 and Now the Appraised

Question 65

Multiple Choice

Harry purchased his condo for $330 000 and now the appraised value is $360000.His outstanding mortgage is $228 000.What is the maximum home equity line of credit Harry would qualify for?


A) $36 000
B) $60 000
C) $72 000
D) $105,600

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents