Question: Question 93 0/1 pts How much could the Simpsons receive on a home equity line of credit on their home with a market value of

Question 93 0/1 pts How much could the Simpsons receive on

Question 93 0/1 pts How much could the Simpsons receive on a home equity line of credit on their home with a market value of $225,000 and their equity of $60,000 with having an outstanding mortgage of $125,000 (consider 80% LTV) ? A. $40,000 B. $55,000 C. $50,000 D. $45,000 Cannot determine based on data provided

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