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

question 164

Multiple Choice

If the maximum loan-to-value ratio that a lender will accept on a $100,000 home is 90 percent,then the borrower must make

• A)a minimum down payment excluding closing costs of $10,000.
• B)a minimum down payment including closing costs of $10,000.
• C)closing costs plus points of $10,000.
• D)a maximum down payment of $10,000.
• E)none of these.

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Definitions:

Patient Self-Determination Act

A federal legislation that ensures patients in healthcare facilities receive information about their rights, including advance directives and the refusal of medical treatment.

Health Care Providers

Entities, including professionals and organizations, that offer medical services to treat and manage patients' health.

Advance Directive

A legal document in which an individual specifies decisions about their healthcare, should they become unable to make these decisions in the future.

Income-Producing

Refers to assets or activities that generate earnings, profit, or revenue.