Real Estate Math (alternative)
A Maryland investor pays $50,000 down on a $250,000 property. The loan-to-value ratio (LTV) is:
A24%
B80%✓ Correct
C30%
D90%
Explanation
Loan amount = $250,000 − $50,000 = $200,000. LTV = $200,000 ÷ $250,000 = 0.
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