Justin and Angela Have a Home Valued at $96,000 with an Outstanding

question 67

Multiple Choice

Justin and Angela have a home valued at $96,000 with an outstanding mortgage of $60,000. If their lender is willing to provide a home equity loan of up to 75% of the market value of the home, how much can they borrow using a home equity loan?

• A) $0
• B) $12,000
• C) $27,000
• D) $28,000
• E) $36,000

---

Definitions:

3-D Printing

A manufacturing process that creates a physical object from a digital design by layering material until the object is formed.

Couch Potato

A slang term for a person who spends a lot of time sitting or lying on a couch, often watching television or engaging in leisure activities with minimal physical activity.

Creativity

The ability to generate novel and useful ideas or solutions to problems, often leading to innovative outcomes.

Oxygen

A chemical element with symbol O, essential for the respiration of most living organisms and for combustion processes.