Multiple Choice
A lender is considering whether to approve a mortgage loan on a home recently appraised at a value of $500,000. If the borrower is willing to make a down payment of $100,000, determine the loan-to-value ratio associated with this property.
A) 20%
B) 40%
C) 60%
D) 80%
Correct Answer:
Verified
Correct Answer:
Verified
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