For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $) Appraised Value Percentage of Percentage Appraised Value (in $) Lender's Balance of Potential First Mortgage Credit (in $)
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Q: For the second mortgage application, calculate the percentage of appraised value and the potential…
A: Formula: Percentage of Appraised value = Appraised value x Lender's percentage
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A: Percentage of appraised value in $ = Appraised value × Lenders Percentage
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- For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Percentage of Percentage Appraised Value (in $) Lender's Balance of Potential First Mortgage Credit (in $) $326,700 75% $198,500 %24For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Percentage of Appraised Value (in $) Lender's Balance of Potential Percentage First Mortgage Credit (in $) $121,500 70% $53,100 $For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Percentage of Percentage Appraised Value (in $) First Mortgage Potential Credit (in $) Lender's Balance of $123,500 70% $53,100
- For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Balance of Percentage of Appraised Value (in $) Potential Value Percentage First Mortgage Credit (in $) $127,500 70% 2$ $53,400 2$For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Value Percentage of Percentage Appraised Value (in $) Balance of First Mortgage $358,700 75% $ $198,500 $ Potential Credit (in $)For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Value Potential Credit (in $) $326,700 Percentage of Balance of Percentage Appraised Value (in $) First Mortgage 75% $198,500 $
- For the appraised Valve Appraised Nice 356,700 Second Mortgage Application Calculate the percentage and potential Credit? Lenders 75% 1st Percentage of Approved Value Balance of first Mortgage 194, 500 OF Potential credit) in (1)Using this table as needed, calculate the required information for the mortgage. AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $73,500 8.00% 30 $ $ $Calculate the percentage of appraised value and the potential credit available for a second mortgage if the appraised value is $324,600, the lender's percentage is 75% and the balance owed on the first mortgage is $197,500. Appraised Lender's Value Balance of Percentage of Appraised Value Potential Percentage First Credit Mortgage
- For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $ ). \table[[\table[[Appraised],[Value]],\table[[Lender's],[Percentage]],\table[[Percentage of],[Appraised Value (in $)]],\table[[Balance of],[First Mortgage]],\table[[Potential],[Credit (in $)]]],[$356,900,75%,$,$196,500,$Using this table as needed, calculate the required information for the mortgage. Amount Interest Financed Rate $88,500 8.00% Need Help? Read It Submit Answer Term of Loan (years) 30 Number of $1,000s Financed 88.5 Table Factor (in $) 7.34 Monthly Payment (in $) X LA Total Interest (in $) XUsing this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) Numberof $1,000sFinanced TableFactor(in $) MonthlyPayment(in $) TotalInterest(in $) $168,300 7.25% 15 168.3 $ $ $