Real Estate Math
A Utah property has a market value of $550,000 and an LTV of 75%. What is the maximum loan available?
A$412,500✓ Correct
B$440,000
C$385,000
D$495,000
Explanation
Maximum loan = $550,000 × 0.75 = $412,500. To solve this, multiply the relevant values: $550,000 at 75%.. The correct answer is $412,500.. This is a common calculation on the Utah real estate exam.
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