Ask Question
26 June, 20:14

If Jessica purchases a property for $290,000, and borrows $200,000 she is said to have a LTV ratio of? 100%? 76%? 69%? 31%?

+3
Answers (1)
  1. 26 June, 23:25
    0
    The loan-to-value ratio (LTV) is the ratio fo the first mortgage amount to the appraised value of the property. Here, that is

    LTV = ($200,000) / ($290,000)

    LTV = 0.689655

    LTV ≈ 69%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If Jessica purchases a property for $290,000, and borrows $200,000 she is said to have a LTV ratio of? 100%? 76%? 69%? 31%? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers