True/False
A home sells for $150,000 but is appraised by a lender for $145,000. The lender will typically apply the loan-to-value ratio to the larger of the two numbers.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: A single woman applied for an FHA
Q16: A mortgage lender will lend based on
Q17: The relationship between the amount of money
Q18: In addition to the up-front mortgage insurance
Q19: Who must pay the discount points on
Q21: As payments are made, the amount of
Q22: Choose the most appropriate answer for each.<br>-the
Q23: Like FHA insurance, the object of private
Q24: Since the VA is guaranteeing the loan,
Q25: A loan that requires only interest payments