Free NMLS SAFE Mortgage Practice Questions

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A borrower owns a home valued at $450,000 and owes $300,000. He wishes to obtain a Home Equity Line of Credit. The lender is allowing access up to 90% of equity. What is the maximum amount of the HELOC loan?

(A). $50,000   (B). $75,000   (C). $105,000   (D). $150,000

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