Real Estate Math
A Florida buyer makes a $35,000 down payment on a $350,000 home. The LTV ratio is:
A10%
B90%✓ Correct
C85%
D80%
Explanation
Down payment = $35,000, so loan amount = $350,000 − $35,000 = $315,000. LTV = $315,000 ÷ $350,000 = 90%.
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