Kiến thức vay thế chấp chungCâu 167 / 400
A home is worth $450,000. A borrower wants a first mortgage of $315,000 and a second of $22,500. What is the CLTV?
a.70%
b.72%
c.75%
d.80%
Giải thích
CLTV = ($315,000 + $22,500) / $450,000 = $337,500 / $450,000 = 75%. 70% counts only the first mortgage; the others do not match.
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