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A property is valued at $300,000 with a first mortgage of $200,000 and a HELOC of $40,000. What is the CLTV?

General Mortgage Knowledge · 20% of the SAFE exameasy

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Correct answer: 80%

CLTV = (All liens) ÷ Property value = ($200,000 + $40,000) ÷ $300,000 = $240,000 ÷ $300,000 = 80%.

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