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Question 3 You borrow $450,000 on property with an appraised value of $600,000. a) What is your LTV ratio? 1 b) Say market is weak
Question 3 You borrow $450,000 on property with an appraised value of $600,000. a) What is your LTV ratio? 1 b) Say market is weak and the market value of the property declines by $150,000. What happens? c) What if the original loan amount was $540,000. What happens
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