Real Estate Math
A homeowner in Utah has $95,000 in equity in their home. Their home is worth $425,000. What is their current LTV?
A22.4%
B77.6%✓ Correct
C82.4%
D72.4%
Explanation
Loan balance = $425,000 - $95,000 = $330,000. LTV = $330,000 / $425,000 = 0.
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