The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

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Answer 1

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Chapter 14, Problem 19AT

To determine

To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

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Answer 2

Question

Chapter 14, Problem 19AT

To determine

To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 14, Problem 19AT

To determine

To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

Expert Solution & Answer

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Answer 4

Question

Chapter 14, Problem 19AT

To determine

To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

Expert Solution & Answer

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Answer 5

Chapter 14, Problem 19AT

To determine

To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

Answer 6

Chapter 14, Problem 19AT

To determine

To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

Answer 7

Chapter 14, Problem 19AT

To determine

To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

Answer 8

Expert Solution & Answer

Answer 9

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Answer 10

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Answer 11

Ch. 14.I - What is the monthly payment and total interest on...Ch. 14.I - Prob. 2TIE Ch. 14.I - Prob. 3TIE Ch. 14.I - Prob. 4TIE Ch. 14.I - Prob. 5TIE Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 2RE Ch. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 4RE Ch. 14.I - Prob. 5RE

The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

Solution Summary: The author explains how a home equity line of credit can be calculated if the appraised value is 161,400 and the lender's percentage is 70%.

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To calculate: The amount of credit available on a home equity line of credit, if the appraised value is $161,400 and lender’s percentage is 70% and the balance of first mortgage is $115,200.

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Chapter 14 Solutions