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CLTV: First mortgage $200,000, HELOC $50,000, property value $300,000. CLTV?

Loan Origination Activities · 27% of the SAFE exammedium

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Correct answer: 83.3%

CLTV = (First + Second) / Value = ($200,000 + $50,000) / $300,000 = $250,000 / $300,000 = 83.3%.

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