Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Margo is purchasing a home for $520,000. The property appraised at $550,000 and Margo is financing $416,000. What's the loan-to-value ratio

Sagot :

Answer:

Loan-to-value ratio = 0.8

Explanation:

Given information:

Purchase cost of house = $520,000

Property appraised value (House value) = $550,000

Margo finance (Loan amount) = $416,000

Find;

Loan-to-value ratio

Computation:

Loan-to-value ratio = Loan value / Purchase cost

Loan-to-value ratio = Margo finance (Loan amount) / Purchase cost of house

Loan-to-value ratio = 416,000 / 520,000

Loan-to-value ratio = 0.8

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.