A house sells for $102,000 and is appraised at $100,000 by a lender who is willing to make a 75% loan-to-value loan. How much down payment will this house require?
A) $25,500
B) $27,000
C) $75,000
D) $76,500
Correct Answer:
Verified
Q2: A purchaser took out a $50,000 new
Q3: A final loan payment that is larger
Q4: The homeowner has made regular mortgage payments
Q5: If a borrower paid $3,550 in points
Q6: The expenses, which a lender incurs while
Q8: A mortgage lender will lend based on
Q9: Discount points are more likely to be
Q10: The value of the property above the
Q11: Who normally pays the discount points when
Q12: The buyer agrees to pay $90,000 for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents