Leon has a home valued at $216,000 and an outstanding mortgage of $140,000.If his lender is willing to provide a home equity loan of up to 80% of market value,how much could Leon borrow using a home equity loan?
A)$172,800
B)$160,000
C)$76,000
D)$60,800
E)$32,800

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The Answer of Leon has a home valued at $216,000 and an outstanding mortgage of $140,000.If his lender is willing to provide a home equity loan of up to 80% of market value,how much could Leon borrow using a home equity loan?
A)$172,800
B)$160,000
C)$76,000
D)$60,800
E)$32,800

Leon Has a Home Valued at $216,000 and an Outstanding