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A buyer contracts (without contingency) to purchase a home for $200,000. The house is appraised at $180,000 and the lender agrees to make an 80%
A buyer contracts (without contingency) to purchase a home for $200,000. The house is appraised at $180,000 and the lender agrees to make an 80% LTV loan. How much cash must the buyer pay for the purchase proce? a) $20,000 b) $36,000 c) $40,000 d) $56,000
a) $20,000
b) $36,000
c) $40,000
d) $56,000
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