Finance
A South Carolina buyer obtains an 80% LTV conventional loan on a $320,000 home. The down payment required is:
A$48,000
B$64,000✓ Correct
C$32,000
D$16,000
Explanation
80% LTV means the loan is 80% of value, so the down payment is 20%. $320,000 × 20% = $64,000.
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