Question: Devon has owned a home for eight years. It was purchased for $289 000. She has a first mortgage of $156 500, a car lease

Devon has owned a home for eight years. It was purchased for $289 000. She has a first mortgage of $156 500, a car lease with a buyout amount of $12 000, and credit card debt of $1989. How much of a home equity loan can be applied for if the house was recently appraised at $331 000?

A.$108 300.

B.$74 700.

C.$96 300.

D.$139 600.

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