Question: please explain e. Imagine you have a home valued at $192,000 and an outstanding mortgage of $120,000. If your lender is willing to provide a

please explain

e. Imagine you have a home valued at $192,000 and an outstanding mortgage of $120,000. If your lender is willing to provide a home equity loan of up to 75% of market value, how much could they borrow using a home equity loan?

a. $12,000

b. $24,000

c. $27,000

d. $54,000

e. $72,000

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