Question
Ramon owns a home that was appraised for $132,600. Ramon’s credit union is willing to
loan an amount up to 70% of the appraised value of a home. Based on this information,
what is the maximum potential amount of credit that’s available to Ramon for a home
equity loan?
loan an amount up to 70% of the appraised value of a home. Based on this information,
what is the maximum potential amount of credit that’s available to Ramon for a home
equity loan?
Answers
132,600 * 0.7 = ?
132600 x .70 = 92820
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