Use the following to answer the next 6 questions: Tom wants to buy a house priced at $500,000. He plans to put 20% down and a mortgage banker will lend him the remainder at a 6% fixed rate for 30 years, with monthly payments to begin in one month. Tom is required to pay 2 points. 38. True/False: General industry standards for a conventional loan specify a maximum LTV of 60 percent. True b. False a