Business, 13.12.2019 17:31, katherineweightman

Thomas is applying to refinance his mortgage. his first mortgage is $25,000 at a 9% rate. he plans to get cash out, up to $40,000. he qualifies for an 80% ltv and his house appraises for $100,000. shortly before closing, the title exam shows $23,000 in mechanics liens. closing costs total $6,000. how much cash will he receive at closing?

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Thomas is applying to refinance his mortgage. his first mortgage is $25,000 at a 9% rate. he plans t...