If Lenders Specify a Loan-To-Value Ratio of 70 Percent,then a Buyer

question 63

True/False

If lenders specify a loan-to-value ratio of 70 percent,then a buyer must make a 70% down payment on the purchase of a home.

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Definitions:

Diagnostic

Related to the identification of the nature or cause of a certain phenomenon, typically involving systematic analysis of symptoms or conditions.

DSM

The Diagnostic and Statistical Manual of Mental Disorders, a standard classification of mental disorders used by mental health professionals.

Axis I Disorder

A classification used in previous versions of the DSM, referring primarily to mental disorders that are acute and typically symptomatic, such as mood disorders and anxiety disorders.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a manual published by the American Psychiatric Association that includes all currently recognized mental health disorders.