Answer :
Answer:
The mortgage balance is $175,000
Step-by-step explanation:
Remember: House value = equity + mortgage. Therefore,
$300,000 = $125,000 + mortgage balance
The mortgage balance is $175,000.
Answer:
The mortgage balance is $175,000
Step-by-step explanation:
Remember: House value = equity + mortgage. Therefore,
$300,000 = $125,000 + mortgage balance
The mortgage balance is $175,000.