Finance
The loan-to-value (LTV) ratio is calculated as:
ALoan Amount / Appraised Value x 100✓ Correct
BAppraised Value / Loan Amount x 100
CDown Payment / Purchase Price x 100
DMonthly Payment / Gross Income x 100
Explanation
LTV = (Loan Amount / Appraised Value) x 100. For example, a $270,000 loan on a $300,000 property = 90% LTV.
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