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July 31, 2014

Homework Help: Real Estate Finance

Posted by tmouery on Monday, November 26, 2012 at 2:20pm.

If your lending institution is willing to give you an 85% loan/mortgage on a house valued at $150,000 and you already have given a $5,500 earnest money deposit, how much additional cash will you need for your downpayment?

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