Business, 11.10.2019 06:00, sammizwang

Mike purchased his home five years ago for $250,000. its current market value is $275,000 and has a mortgage balance of $195,000. he wants to put in a pool and pay for it with a heloc. if the lender requires a maximum ltv of 80%, what is the most mike will receive from the proceeds of the heloc?

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Mike purchased his home five years ago for $250,000. its current market value is $275,000 and has a...