Sean and Amy Anderson have a home with an appraised value of $180,000 and a mortgage balance of only $90,000.   Given that an S&L is willing to lend money at a loan-to-value ratio of 75%, how big a home equity credit line can Sean and Amy obtain? How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $100,000?

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A: Here,

Q: Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $323,600. The…

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Q: Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $321,600. The…

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Q: Russ and Roz Rosow have a ten-year-old loan with which they purchased their house. Their interest…

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A:

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Q: Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $321,600. The…

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Q: Russ and Roz Rosow have a ten-year-old loan with which they purchased their house. Their interest…

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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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