Finance
A Missouri property has an LTV of 75%. If the loan amount is $225,000, what is the property value?
A$168,750
B$300,000✓ Correct
C$270,000
D$337,500
Explanation
Value = Loan ÷ LTV = $225,000 ÷ 0.75 = $300,000.
Related Missouri Finance Questions
- Missouri farmers often use which specialized lending institution for agricultural real estate loans?
- A Missouri loan that is 'underwater' or 'upside down' means:
- A Missouri borrower has a 30-year fixed mortgage at 6% on a $200,000 loan. If they pay $1,199 per month, approximately how much of the first payment is interest?
- When a Missouri borrower assumes an existing mortgage, they:
- A balloon mortgage in Missouri requires the borrower to:
- A Missouri home equity line of credit (HELOC) is secured by:
- An adjustable-rate mortgage (ARM) in Missouri typically has a lower initial rate because:
- A home equity line of credit (HELOC) is best described as:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →