Assume an investor is looking for financing for a project that costs $300,000. A lender offers financing available in the amount of $210,000 at an annual mortgage constant of 10.00%. The loan is fully amortizing, requires an annual payment and has a 30-year term. Based on the above, what is the LTV ratio offered by the lender

Answer rating: 100% (QA)

The LTV ratio offered by the lender is 7000 Heres how we can calculate it LTV ratio Loan amount ... View the full answer