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

question 103

Multiple Choice

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

---

Definitions:

Concealed Information Tests

A psychological assessment method used to determine if an individual is hiding knowledge or information related to a specific event or topic.

Polygraph Examiners

Professionals trained to conduct polygraph tests, which are used to assess the veracity of individuals' statements.

Specific Probes

Techniques or questions designed to elicit particular responses or information in research or investigations.

Diplomatic Corps

The Diplomatic Corps consists of the ambassadors and other diplomatic representatives of various countries stationed in a particular country.