Real Estate Math
A Maryland buyer makes a $40,000 down payment on a $200,000 home. The LTV ratio is:
A20%
B75%
C80%✓ Correct
D90%
Explanation
Loan = $200,000 – $40,000 = $160,000. LTV = $160,000 ÷ $200,000 = 80%. Using the values given ($40,000, $200,000), apply the appropriate formula.. The correct answer is 80%.. This is a common calculation on the Maryland real estate exam.
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