A few years ago, Maria Ramundo purchased a home for $122,000. Today, the home is worth $160,000.

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A few years ago, Maria Ramundo purchased a home for $122,000. Today, the home is worth $160,000. Her remaining mortgage balance is $68,000. What is the maximum HELOC (home equity line of credit) she can borrow?

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Personal Finance

ISBN: 9781259650659

7th Canadian Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino

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Posted Date: May 09, 2024 07:43 AM

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A few years ago, Maria Ramundo purchased a home for $122,000. Today, the home is worth $160,000.

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To determine the maximum Home Equity Line of Credit HELOC Maria Ramundo can borrow we need to calcul... View the full answer

Personal Finance

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