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Your House Is Worth $278 000 and You Have a First

Question 82

Multiple Choice

Your house is worth $278 000 and you have a first mortgage of $190000.You are also using the house to secure a personal loan for $8500.How large a home equity line of credit can you qualify for?


A) $63 600.
B) $31 400.
C) $70 400.
D) $23 900.

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