Question: Question Using the information provided, answer the following maximum cash-out question for Fannie and Freddie: Value = $295,000 Current balance = $187,500 Current payment =

Question Using the information provided, answer the following maximum cash-out question for Fannie and Freddie: Value = $295,000 Current balance = $187,500 Current payment = $1,113 Closing Costs - 2.5% Prepaids - 1% What is their cash back at closing? Choices: $51.000 O $38.637 $49.969 $50,911

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