Question
As long as the present loan-to-value ratio is sufficient to ensure adequate current collateral for a mortgage loan AND the current debt coverage ratio meets
As long as the present loan-to-value ratio is sufficient to ensure adequate current collateral for a mortgage loan AND the current debt coverage ratio meets the minimun requirements, should the lender be concerned about future cash flows or the trend of values for property of the type being financed? What do you think?
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
