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Harry Purchased His Condo for $330 000 and Now the Appraised

Question 7

Multiple Choice

Harry purchased his condo for $330 000 and now the appraised value is $360000.His outstanding mortgage is $228 000.What is the maximum home equity line of credit Harry would qualify for?


A) $36 000
B) $60 000
C) $72 000
D) $105,600

Correct Answer:

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