A few years ago, you purchased a home for $98200. Today, the home is worth $108400. Your remaining mortgage balance is $60386. Assuming you can borrow up to 80 percent of the home's current value,...

Q30

Extracted text: A few years ago, you purchased a home for $98200. Today, the home is worth $108400. Your remaining mortgage balance is $60386. Assuming you can borrow up to 80 percent of the home's current value, what is the maximum amount of cash you could borrow in a cash-out home refinancing after paying off your original mortgage? Your Answer: