girasol2525 asked:


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 ramond for a home equity loan?

Manuel

BirdogsID asked:


Where can I get my share of the mortgage bailout funds? My home was overvalued by bank of america and I am going to be foreclosed on, not to mention, I am in texas and there is a law that you can not have a (home equity) loan higher than 80% of the value.
Bigtodda–YUP. I am making my payments on time. But hell if I could get my house paid off, why not try it! I am going to be paying for it through my taxes, and so are my kids and grandkids. Might as well have something to show for it. =)

Lester