The Difference Between the Purchase Price of the Property and the Amount

question 2

Multiple Choice

The difference between the purchase price of the property and the amount borrowed is the borrower's ________. The LTV is the ratio of the amount of the loan to the market (or appraised) value of the ________. The ________, the greater the protection for the lender if the applicant defaults on the payments and the lender must repossess and sell the property.

• A) upfront; loan; lower this ratio
• B) down payment; property; lower this ratio
• C) down payment; property; higher this ratio
• D) upfront payment; loan; higher this ratio

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Definitions:

Unconditional Positive Regard

A concept within the humanistic approach to psychology, emphasizing complete acceptance and support of a person irrespective of their behavior or feelings.

Total Acceptance

Unconditional acknowledgment and embracement of an individual or situation without attempting to change it.

Self-actualization

The achievement or satisfaction of an individual's abilities and potentials, seen as a universal motivation or necessity.

Abraham Maslow

An American psychologist renowned for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.