Kiến thức vay thế chấp chungCâu 126 / 400
A home is worth $400,000. The first mortgage is $280,000 and a second mortgage is $40,000. What is the CLTV?
a.70%
b.80%
c.75%
d.85%
Giải thích
CLTV = ($280,000 + $40,000) / $400,000 = $320,000 / $400,000 = 80%. 70% counts only the first mortgage; the others do not match the total liens over value.
Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A $700,000 loan is at or below the baseline conforming limit and meets underwriting guidelines. Which entities can purchase it on the secondary market?
- On most FHA loans, the borrower pays an upfront mortgage insurance premium plus what?
- A home appraises at $250,000 and the borrower takes a loan of $187,500. What is the LTV?
- A borrower's gross monthly income is $10,000 and the proposed PITI is $2,800. What is the front-end (housing) ratio?
- Gross monthly income is $5,000. PITI is $1,300 and other monthly debts are $700. What is the back-end DTI?
- P&I is $1,500/month, annual taxes are $4,800, and annual insurance is $1,800. There is no mortgage insurance. What is the monthly PITI?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra