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What will jan debt principal limit on home mortgage

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Question - Jan took a mortgage out of around $1,500,000 for a primary home on March 13, 2017. Her brother Bill took out a loan of $850,000 on May 5, 2018 for a designated second home.

a. What will Jan's debt principal limit on home mortgage acquisition indebtedness be?

b. What will Bill's debt principal limit on home mortgage acquisition indebtedness be?

Reference no: EM133189714

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