If the Maximum Loan-To-Value Ratio That a Lender Will Accept

Multiple Choice

If the maximum loan-to-value ratio that a lender will accept on a house costing $100,000 is 90%, then the borrower must make a:

A) minimum down payment of $10,000 plus closing costs.
B) minimum down payment of $10,000 including closing costs.
C) maximum down payment of $10,000 including closing costs and mortgage points.
D) maximum down payment of $10,000.
E) minimum down payment of $90,000 including closing costs.