Robby has a house that appraises for $125,000. robby qualifies for an 85% ltv. he owes $63,000 on his first mortgage and $5,000 on his second mortgage. he would like to refinance his house into one mortgage loan and receive additional cash to pay off other debt. how much cash would be available if his closing costs are $4,200 and are financed in the loan?

$34,050

Step-by-step explanation:

Data provided in the question:

Cost of house = $125,000

Maximum Loan = 85% of LTV

First mortgage = $63,000

Second mortgage = $5,000

Closing cost = $4,200

Now,

The maximum loan amount Robby qualifies

= 85% of  $125,000

= 0.85 × $125,000

= $106,250

Thus,

Cash available

= Maximum loan amount - First mortgage - Second mortgage - Closing cost

= $106,250 - $63,000 - $5,000 - $4,200

= $34,050

the answer to this question is 3/19

step-by-step explanation:

for the friend request.

when a figure, such as triangle (xyz) is reflected over the line y = x to create x'y'z' the x-coordinates and y-coordinates of the original image (pre-image) will be reversed for the image. (e.g., (x, y) > (y, x)) this means that the pre-image position of the x- and y-coordinates switch places which in turn provides a mirror like image of the original xyz.  

i notice that when i draw a line segment from x to x', that the points are parallel from each other -- they are exactly across from each other and do not intersect with any other points.  

yes, think i would see the same characteristic if you drew the line segment connecting y with the reflecting line and then y' with the reflecting line because of the essence of reflections. because it is a mirror image, each point was effected the same way which leads me to conclude that they same would apply to y and y'.