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

question 150

Multiple Choice

If the maximum loan-to-value ratio that a lender will accept on a $100,000 home 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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