medium · National Real Estate Exam math
For a lakefront cottage, a lender uses a value of $360,000 and approves a 80% loan-to-value ratio. What is the maximum loan amount?
- $72,000
- $28,800
- $288,000
- $450,000
Sign up free to see the explanation and track your rank →
More National Real Estate Exam math practice
- What is the fee?
- If the lender requires an 80% loan-to-value (LTV) ratio and charges 2 discount points, wha
- If the tenant's gross sales for July were $85,000, what is the total rent due for that mon
- If the lender charges 2 discount points, how much will the buyer pay in points at closing?
- A buyer is charged 2 discount points on a loan of $150,000.… — How much must the buyer pay
- A property has a gross monthly rent of $1,500. If the Gross Rent Multiplier (GRM) for the
- What was the original cost?
- If the seller also pays off a $115,000 mortgage, what are the net proceeds?