Your borrowers are purchasing a home for $475,000. They are requesting a $380,000 first mortgage and a

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Your borrowers are purchasing a home for $475,000. They are requesting a $380,000 first mortgage and a $71,250
HELOC. What will their LTV, second mortgage LTV and down payment be if structured this hoices: 75/10/15 80/15/5 75/15/10
80/10/10

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ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 19, 2024 12:05 PM

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Your borrowers are purchasing a home for $475,000. They are requesting a $380,000 first mortgage and a

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The LoantoValue LTV ratio is calculated by dividing the total mortgage amount ... View the full answer

Personal Finance

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