Exam (elaborations)
CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 2023
- Module
- Institution
Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Packa...
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