Given the following information, calculate the loan-to-value ratio for this property. Loan amount: $450,000, Interest rate: 7.5%, Acquisition price: $550,000

Question

Quizplus · Accepted Answer

The loan-to-value ratio (LTV) is calculated by dividing the loan amount by the acquisition price of the property. In this case, $450,000 / $550,000 = 0.818, which rounds to 0.82 or 82%.

Given the Following Information, Calculate the Loan-To-Value Ratio for This