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Question 1: Robby wants a secured loan to start his own business. Robby will use his house as collateral. The bank will loan Ro...Asked by Miranda
Question 1: Robby wants a secured loan to start his own business. Robby will use his house as collateral. The bank will loan Robby 56.4% of his house's equity. Robby's house is worth $367 685. He owes $108 653 on it. What is the equity in Robby's house?
Question 2: Robby wants a secured loan to start his own business. Robby will use his house as collateral. The bank will loan Robby 56.4% of his house's equity. Robby's house is worth $367 685. He owes $108 653 on it. What is 56.4% of the equity in Robby's house?
Question 2: Robby wants a secured loan to start his own business. Robby will use his house as collateral. The bank will loan Robby 56.4% of his house's equity. Robby's house is worth $367 685. He owes $108 653 on it. What is 56.4% of the equity in Robby's house?
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Answered by
Henry
See your previous post.
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