Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question How 2 solve for potential amount of credit available for home equity loan? Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon's credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit that's available to Ramon for a home equity loan? By Richardsbabygirl Posted on 10/25/07 Total Answers 3 Answers- $49,560 minus fees. Have Ramon call me! :) Answer by : Gregorio On Date 2007-10-25 14:48:22 There is a homework section of the site you might try next time. Answer by : lillian On Date 2007-10-25 14:54:38 49k is correct. If he shops his loan with a broker they can probably get him 80% or more instead of 70%. I am a mtg. broker. Answer by : sunshine On Date 2007-10-25 15:50:21   Go Back To Search Results