A mortgage lender will lend based on a proportion of the appraisal or sale price, whichever is less. This is called the
A) loan-to-value ratio.
B) owner's equity.
C) percent return.
D) CRV.
Correct Answer:
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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
Q7: A house sells for $102,000 and is
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
Q13: As payments are made, the amount of
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