Exam (elaborations)
champions real estate finance questions with complete solution
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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. Package...
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