FinancingLoan CalculationsMEDIUM
LTV calculation:
Correct Answer
B) Loan ÷ lesser of value or price
LTV = Loan amount ÷ lesser of appraised value or purchase price.
Answer Options
A
Value ÷ loanB
Loan ÷ lesser of value or priceC
Down payment ÷ priceD
Rate ÷ termWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Financing Question
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Background Knowledge for Financing
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Related Topics & Key Terms
Related Topics:
appraisalPMI-threshold
Key Terms:
LTVlesserconservative
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