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Posted on Sep 29, 2024

A mortgage broker is using an LTV ratio of 8 0 % . A house sells for $ 3 9 5 , 0 0 0

A mortgage broker is using an LTV ratio of

80 % .

A house sells for $

395, 000 .

The appraisal value of the house is $

385, 000 .

How much principal will the lender be willing to mortgage?

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