A buyer contracts (without contingency) to purchase a home for $200,000. The house is appraised at $180,000

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A buyer contracts (without contingency) to purchase a home for $200,000. The house is appraised at $180,000 and the lender agrees to make an 80% LTV loan.

How much cash must the buyer pay for the purchase proce?

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Posted Date: May 10, 2023 03:06 AM

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A buyer contracts (without contingency) to purchase a home for $200,000. The house is appraised at $180,000

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Since the lender has agreed to make an 80 LTV loan the buyer will need to provide ... View the full answer

Entrepreneurial Finance

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