A(n) _____  Ratio Specifies the Maximum Percentage of the Value

question 43

Multiple Choice

A(n) _____  ratio specifies the maximum percentage of the value of a property that a lender is willing to loan.

• A) affordability-to-expense
• B) loan-to-value
• C) rent-to-mortgage
• D) mortgage-points-to-closing-costs
• E) points-to-mortgage

---

Definitions:

Action Guidance

Advice or instructions intended to direct or influence the decisions and actions of individuals or groups.

Justifications

Reasoning or arguments presented to show that actions or decisions were reasonable or necessary under the circumstances.

Roman Philosopher

A philosopher from ancient Rome who contributed to various fields of philosophy, including ethics, politics, metaphysics, and logic.

Virtue Prescription

Virtue prescription refers to the advocacy or recommendation of moral virtues as guidelines for ethical behavior and good living.