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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Definitions:

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a guideline published by the American Psychiatric Association that classifies and defines mental disorders.

Clinical Disorders

Clinical disorders refer to patterns of behavioral, psychological, or biological dysfunctions that are associated with distress or impaired functioning.

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a standardized classification manual used by mental health professionals to diagnose mental disorders.

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A condition resulting from chronic liver damage due to excessive alcohol consumption, leading to scarring and liver failure.