Kiến thức vay thế chấp chungCâu 157 / 400
A borrower buys a $525,000 home and finances $420,000. What is the LTV?
a.80%
b.75%
c.85%
d.90%
Giải thích
LTV = $420,000 / $525,000 = 80%. The other percentages do not equal the loan divided by the price.
Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A common conventional qualifying guideline is a 28/36 ratio. For a borrower earning $6,000 gross monthly, what is the maximum total monthly debt (including PITI) under the 36 figure?
- The three main national consumer credit reporting bureaus used in mortgage lending are:
- Loan-to-value (LTV) is calculated as:
- A property appraises at $250,000. The borrower has a first mortgage of $150,000 and wants a second mortgage of $37,500. What is the resulting CLTV?
- A borrower's gross monthly income is $4,000 and the proposed PITI is $1,200. What is the front-end ratio?
- Gross monthly income is $12,000. PITI is $3,000 and other monthly debts are $1,800. What is the back-end DTI?
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