Real Estate Math
A Mississippi investor purchased a property for $140,000 with a $28,000 down payment. The loan-to-value ratio is:
A20%
B80%✓ Correct
C75%
D85%
Explanation
LTV = Loan ÷ Purchase Price = ($140,000 − $28,000) ÷ $140,000 = $112,000 ÷ $140,000 = 80%. Using the values given ($140,000, $28,000), apply the appropriate formula.. The correct answer is 80%.. This is a common calculation on the Mississippi real estate exam.
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