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Laura
Start with the appraised value and multiply that by .7
$132,000 * .7 = $92,820.
This is the amount of credit which the Credit Union will make available.
Now, if you mean how much additional can Ramon borrow, then you have to deduct the existing mortgage:
$92,820 – $43,260 = $49,560.
Since the CU will be more than happy to pay off the first mortgage and carry the entire loan, the potential amount of credit would be the $92,820.