A few years ago, Simon Powell purchased a home for $240,000. Today, the home is worth $430,000. His remaining mortgage b
Posted: Thu May 19, 2022 6:15 am
A few years ago, Simon Powell purchased a home for $240,000.
Today, the home is worth $430,000. His remaining mortgage balance
is $190,000. Assuming that Simon can borrow up to 60 percent of the
market value, what is the maximum amount he can currently borrow
against his home?
Today, the home is worth $430,000. His remaining mortgage balance
is $190,000. Assuming that Simon can borrow up to 60 percent of the
market value, what is the maximum amount he can currently borrow
against his home?