The Loan to Value Ratio Is a Measure Used by Lenders

question 3

Multiple Choice

The loan to value ratio is a measure used by lenders for all the following purposes EXCEPT:

• A) to determine acceptability of the property as loan collateral
• B) as a basis for pricing the loan
• C) to determine the need for private mortgage insurance
• D) to protect against exceeding legal loan limits

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Definitions:

Hemoglobin

A protein found in red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Oxygen-Transporting Pigment

Molecules, such as hemoglobin in vertebrates, responsible for carrying oxygen from the respiratory organs to the rest of the body.

Hemocyanin

A copper-containing oxygen-transport protein found in the blood of some invertebrates, similar in function to hemoglobin in vertebrates.

Hemoglobin

A molecule found in red blood cells responsible for transporting oxygen from the lungs to the tissues of the body and bringing carbon dioxide back from the tissues to the lungs.