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Well why would a bank lend you money to buy a house. What happens when everyone realizes the valuation is sky high and the $500,000 house turns into a $100,000
by chollida1 16y ago
Well why would a bank lend you money to buy a house. What happens when everyone realizes the valuation is sky high and the $500,000 house turns into a $100,000 house.
On a serious note, most often executives can't get 100% of the value of their stock back in line of credit format. 60% to 75% is common.