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Posted on Jun 05, 2024

You want to buy a $400,000 condo in San Diego. You contact a mortgage broker and they tell you that they can get you approved

You want to buy a $400,000 condo in San Diego. You contact a mortgage broker and they tell you that

they can get you approved for a loan with a LTV of 97%. How much will you need (in dollars) for the

down payment to purchase the condo?

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