If the house is currently worth $355,000 and most lenders are willing to lend up to 90%

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If the house is currently worth $355,000 and most lenders are willing to lend up to 90% of home value, how much excess equity can the Sommers cash out?

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Cases in Finance

ISBN: 978-1259330476

3rd edition

Authors: Jim DeMello

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Question Posted: Nov 20, 2018 10:45 AM

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If the house is currently worth $355,000 and most lenders are willing to lend up to 90%

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Current Value of house 35500000 Loan Ba...View the full answer

Cases in Finance

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