The potential amount of credit available to the Barclays on home equity loan if Barclays own a home which were appraised for $219,000 and bank is willing to loan up to 65% of appraised value also their existing balance on their first mortgage is $143,250.

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Chapter 14.II, Problem 17RE

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To calculate: The potential amount of credit available to the Barclays on home equity loan if Barclays own a home which were appraised for $219,000 and bank is willing to loan up to 65% of appraised value also their existing balance on their first mortgage is $143,250.

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