The James family purchased a home for $180,000 five years ago and obtained an 80% LTV loan. Now the property has appreciated 25%. In addition, the loan has been paid down $11,000. What is the James’s current equity in the home?

Question

07-12-2022
Mathematics

Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

The James family purchased a home for $180,000 five years ago and obtained an 80% LTV loan. Now the property has appreciated 25%. In addition, the loan has been paid down $11,000. What is the James’s current equity in the home?

Sagot :

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.

Why are some motors painted black? A) Black is a standard color code for motors. B) This prevents loss of heat from the motor. C) The motor is hotter tha

What likely happens to the heart rate as the cardiac muscle gets stronger? Explain your answer

why do networking components need more examination from an information security perspective than from a systems development perspective?

if the fed reduces interest rates banks will make more loans or fewer?

can 11 cups fit into 64 ounce container

Your three blood cell types have different sizes, shapes, and functions. Yet they all started out alike. Within each cell of your body there are ___________, wh

1. Leaning toward a speaker is often a sign of A. nervousness. B. low self-esteem. C. sincere interest. D. dishonesty.

Bryophytes are known as non-vascular plants. What makes them non-vascular? Absence of xylem and phloem Inactive xylem and phloem Active xylem but inactive phloe

A teacher asked her class to name three different fractions that are all equivalent to 2/3 and that has an odd denominator. List three fractions that the studen

Hey i need some great paragraphs of weathering, erosion or deposition Thank You so much and i am putting 10 points thank you

The James family purchased a home for $180,000 five years ago and obtained an 80% LTV loan. Now the property has appreciated 25%. In addition, the loan has been paid down $11,000. What is the James’s current equity in the home?

Sagot :

Other Questions