If the Maximum Loan-To-Value Ratio That a Lender Will Accept

question 33

Multiple Choice

If the maximum loan-to-value ratio that a lender will accept on a $100,000 loan is 80 percent,then the borrower must make a down payment of at least

• A) $100,000.
• B) $ 80,000.
• C) $ 50,000.
• D) $ 20,000.
• E) none of these.

---

Definitions:

Select Data Type

A command or option in programming and databases used to define the kind of data an element or variable will hold, such as integers, strings, or dates.

Save Button

A graphical user interface element that, when clicked, saves the current state of a document, file, or application.

Save Changes

The action of securely storing modifications made to a document or settings within an application or system.

Record

A collection of related items of information stored together, often in a database or a document.