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 $100,000 home is 90 percent,then the borrower must make

A) a minimum down payment excluding closing costs of $10,000.
B) a minimum down payment including closing costs of $10,000.
C) closing costs plus points of $10,000.
D) a maximum down payment of $10,000.
E) none of these.