What amount can brandon and summer purchase a policy

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Problem: Brandon and Summer are purchasing a home for $160,000 that is valued at $185,000. Brandon plans to make home repairs to increase the value of the home. Brandon and Summer are obtaining a $120,000 mortgage loan from the lender. Brandon's parents gave them $20,000 toward the down payment. Brandon and Summer can purchase an owner's title insurance policy for what amount?

Reference no: EM133665231

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