The Bingham family had a Loan to Value Ratio of 75%. If they had saved $95,000 as a down payment for a home, determine the value of the property, they were to purchase.

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The Loan to Value Ratio (LTV) is calculated as the loan amount divided by the home value, expressed as a percentage. If the Bingham family's LTV is 75%, this means the loan covers 75% of the home's value, and their down payment covers the remaining 25%. Given their down payment is $95,000, which represents 25% of the home's value, you can find the full value by dividing the down payment by 0.25 (or 25%). $95,000 / 0.25 = $380,000.

The Bingham Family Had a Loan to Value Ratio of 75