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.

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Definitions:

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The process of testing or using a product or service for a limited period to assess its effectiveness or appeal before a broader launch.

Significant Savings

Describes a substantial reduction in costs or expenses, often through discounts, efficient budgeting, or cost-effective solutions.

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The range of products available for sale by a retailer.

Premium

an amount paid in addition to the standard price for something, often for insurance or for access to extra features or services.