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How to calculate LTV if there are no numbers in a) 1. Suppose you have decided to buy a house and want to take out

image text in transcribedHow to calculate LTV if there are no numbers in a)

1. Suppose you have decided to buy a house and want to take out a mortgage. You have saved just enough to avoid PMI. Answer the questions below based on this (and added) information: (a) What is the LTV of your mortgage? (4) (b) If your loan amount is $360,000, what is the total price of the house? (4) 1. Suppose you have decided to buy a house and want to take out a mortgage. You have saved just enough to avoid PMI. Answer the questions below based on this (and added) information: (a) What is the LTV of your mortgage? (4) (b) If your loan amount is $360,000, what is the total price of the house? (4)

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