For the following second mortgage application, calculate the percentage of appraised value and the potential credit:...
For the following second mortgage application,
calculate the percentage of appraised value and the potential
credit:
Appraised
Lender's
Percentage of
Balance of First
Potential
Value= $79,100
Percentage= 80%
Appraised Value
Mortgage= $22,400
Credit
Homework Answers
Sol:-
|
percentage of appraised value |
appraised value*lenders percentage | 22,400*80% | 17,920 |
| potential credit | balance in first mortgage -appraised value | 79100-17920 | 61180 |
Add Answer to:
For the following second mortgage application,
calculate the percentage of appraised value and the potential
credit:...
For the following second mortgage application, calculate the percentage of appraised value and the potential credit:...
For the following second mortgage application, calculate the percentage of appraised value and the potential credit: Appraised Lender's Percentage of Balance of First Potential Value 215,300 Percentage75% Appraised Value Mortgage 116,900$ Credit
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how
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