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S 5 1 . The loan - to - value ratio is used as an underwriting mechanism because a . the LTV determines the profitability

S 51. The loan-to-value ratio is used as an underwriting mechanism because
a. the LTV determines the profitability of the loan.
b. the loan amount needs to be less than the property's value.
c. borrowers tend to inflate the true value of the property.
d. a full-price loan overfinances the borrower.
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