For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Lender's Percentage Percentage of Appraised Value (in $) Balance of First Mortgage Potential Credit (in $) $328,700 75% $ $198,500 $

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $).
Appraised
Value
Lender's
Percentage
Percentage of
Appraised Value (in $)
Balance of
First Mortgage
Potential
Credit (in $)
$328,700 75% $198,500
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