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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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The plaintiffs allege that Hung told them he had transferred some of the $1 million prize to friends or family and that he would also be using the funds to pay toward or pay off the mortgage on.
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A couple is buying a $300k home. To avoid paying PMI, they have opted for an 80/15/5 split loan. Their 2nd mortgage will be in the amount of
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