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Business, 13.07.2020 22:01 KiemaBear

Home equity line interest. 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 percent, 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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Home equity line interest. Sean and Amy Anderson have a home with an appraised value of $180,000 and...
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