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Author Question: A few years ago Mary purchased a home for $100,000. Today the home is worth $150,000. The remaining ... (Read 99 times)

saliriagwu

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A few years ago Mary purchased a home for $100,000. Today the home is worth $150,000. The remaining balance on the mortgage is $50,000. If Mary can borrow up to 80% of the market value of the equity, the maximum amount she can borrow is


◦ $80,000.
◦ $70,000.
◦ $100,000.
◦ $50,000.


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Marked as best answer by saliriagwu on Apr 14, 2019

kaillie

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saliriagwu

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Reply 2 on: Apr 14, 2019
:D TYSM


LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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