Kiến thức vay thế chấp chungCâu 138 / 400
A home is valued at $600,000 with a first mortgage of $420,000 and a home equity loan of $60,000. What is the CLTV?
a.70%
b.80%
c.75%
d.90%
Giải thích
CLTV = ($420,000 + $60,000) / $600,000 = $480,000 / $600,000 = 80%. 70% counts only the first mortgage; the others do not match.
Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A loan payment of principal and interest is $1,600. The balance is $180,000 at 6.00% annual interest. How much of this payment goes to principal?
- A borrower needs to finance $820,000 in an area where the baseline conforming limit applies. What type of loan will this most likely be?
- A borrower makes a 15% down payment on a purchase. What is the LTV of the resulting loan?
- A borrower earns $7,200 gross monthly. The lender's maximum housing (front-end) ratio is 28%. What is the largest PITI the borrower can qualify for on that ratio?
- A borrower earns $9,000 gross monthly with a maximum back-end ratio of 43%. Existing monthly debts are $1,000. What is the largest PITI allowed?
- P&I is $1,100/month, monthly taxes are $250, monthly insurance is $90, and monthly PMI is $60. What is the total PITI payment?
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