Define how big a home equity credit line can obtain

Question: David and Joan Mead have a home with an appraised value of $150,000 and a mortgage balance of only $75,000

a. Given that an S&L is willing to lend money at a loan-to-value ratio of 80%, how big a home equity credit line can David and Joan obtain?

b. How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $100,000?

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Calculate the distribution of the referent group net benefit : The city council pays $42,000 to an interstate firm to construct a barbeque area with a kid's playground on otherwise vacant land. The firm hires $22,000.

Define how big a home equity credit line can obtain : David and Joan Mead have a home with an appraised value of $150,000 and a mortgage balance of only $75,000. Given that an S&L is willing to lend money.

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