Exam (elaborations)
Champions Real Estate Finance Questions & Correct Answers/ Graded A+
- Course
- Institution
Loan-to-Value Ratio (LTV) : The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage : I...
[Show more]