A Lender Will Usually Require a Loan-To-Value Ratio of _____

question 15

Multiple Choice

A lender will usually require a loan-to-value ratio of _____ or less for a borrower to avoid having to pay private mortgage insurance (PMI) .

• A) 75%
• B) 80%
• C) 85%
• D) 90%
• E) 95%

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Definitions:

Linear Inequality

An inequality that involves a linear function, representing a range of possible values that satisfy the inequality.

Solution

The answer to a problem or the value or values that satisfy an equation.

Shaded Region

In graphical representations, the area that is marked or colored to highlight a particular portion of the space, often used to represent solutions or subsets in inequality representations.

Inequality

A mathematical statement that expresses the non-equality between two values or expressions.