You have purchased your first home for $100,000,and the mortgage lender tells you that you will need a down payment of $15,000 because it will only lend you 85% of the purchase price.This percentage is known as the ________.

Question

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A)Loan-to-value (LTV)is the percentage of an asset's market value that a lender is willing to finance when offering a loan. The LTV is 85 percent in the given scenario.
B)Loan-to-value (LTV)is the percentage of an asset's market value that a lender is willing to finance when offering a loan. The LTV is 85 percent in the given scenario.
C)Loan-to-value (LTV)is the percentage of an asset's market value that a lender is willing to finance when offering a loan. The LTV is 85 percent in the given scenario.
D)Loan-to-value (LTV)is the percentage of an asset's market value that a lender is willing to finance when offering a loan. The LTV is 85 percent in the given scenario.
E)Loan-to-value (LTV)is the percentage of an asset's market value that a lender is willing to finance when offering a loan. The LTV is 85 percent in the given scenario.

You Have Purchased Your First Home for $100,000,and the Mortgage