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A borrower is purchasing a home for $250,000 and making a 10% down payment. What is the LTV?

General Mortgage Knowledge · 20% of the SAFE exameasy

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Correct answer: 90%

Down payment = $250,000 × 10% = $25,000. Loan amount = $250,000 - $25,000 = $225,000. LTV = $225,000 ÷ $250,000 = 90%.

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