Question
3.You purchased a property 4 years ago for $275,000 using a 75% LTV mortgage. The mortgage was a 15 year fully amortizing FRM with a
3.You purchased a property 4 years ago for $275,000 using a 75% LTV mortgage. The mortgage was a 15 year fully amortizing FRM with a 3.8% rate. Property values in your area have declined and now the property is worth $235,000. What is your current loan to value ratio?
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Business Finance
Authors: Ronald R. Pitfield
1st Edition
0852581513, 978-0852581513
