Richard Thornton Has Applied for a Home Equity Loan from Capital

question 62

Multiple Choice

Richard Thornton has applied for a home equity loan from Capital Two Bank.The bank on its part has estimated the market value of Richard's property at $750,000.If the amount of existing mortgage loan on the property is $500,000 and Capital Two as a policy lends only up to 70 percent of the borrowing base,what is the maximum amount of loan will Richard get?

• A)$100,000
• B)$250,000
• C)$175,000
• D)$750,000
• E)$500,000

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Definitions:

Negative Thought Patterns

Repetitive, unhelpful thoughts that can exacerbate feelings of distress, anxiety, and depression.

Homework Assignments

Tasks assigned by educators to be completed outside of class time to reinforce learning, practice skills, or prepare for upcoming lessons.

Cognitive

Relating to mental processes such as perception, memory, thinking, and problem solving.

Insight Therapist

A mental health professional who focuses on helping clients gain understanding into their own thoughts and behaviors to effect change.