Mike Purchased A Home For 100 000 Today The Home Is Worth 150 000 His Remaining

Mike Purchased a home for 100,000. Today the home is worth 150,000. His remaining mortgage balance is 50,000. Assuming Mike can borrow up to 80 percetn of the market value of his home. What can he borrow?

Mike purchased a home for 100,000. Today the home is worth 150,000. His remaining mortgage balance is 50,000. Assuming Mike can borrow up to 80 percent of the market value of his home. What can he…

 

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