Let's suppose that a lender has established a 90% loan-to-value ratio cutoff as one of its primary underwriting criteria. If a borrower is willing to make a down payment of $125,000 on a home recently appraised at $550,000, what best describes the lender's decision on whether or not to approve the loan along this dimension?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Let's suppose that a lender has established a 90% loan-to-value ratio cutoff as one of its primary underwriting criteria. If a borrower is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Identify each type of financial institution: Institution Type Finance Companies ▼ Commercial Banks ▼ Contractual Savings Institution Investment Intermediary Depository Institution Life Insurance Companies ▼ Depository Institution Investment
Answers (1)
You plan to borrow $47,400 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2
Answers (1)
Who pays the greatest portion of their income in property taxes?
Answers (2)
In 2016, teller company sold 3,000 units at $600 each. variable expenses were $420 per unit, and fixed expenses were $240,000. what was tellers 2016 net income?
Answers (1)
Andrew enters into a contract with jill to develop and deliver a custom ios app for the ist future forum. jill fails to deliver the app. andrew initiates a suit against jill, asking the court to order jill to deliver the app. jill is the:
Answers (2)
New Questions in Business
Waldo is buying Marianne's house. The closing date (day belongs to seller) of the sale transaction is September 1 (day 244 of the year). Current Year real estate taxes are $1,100 (will be billed to buyer next year).
Answers (1)
The best way for an employer to find out if a potential employee can do a job is by
Answers (1)
Tiffany is an architect for the building of a large office complex downtown. Frequently a group of steel workers whistle at her as she climbs a ladder or interacts with staff. The men's actions create a hostile work environment. a) true b) false
Answers (1)
Monica heard that as a general rule, she should spend no more than one week's pay on rent. If Monica's salary is $42,068 per year, what is the maximum amount per month that she should spend on rent?
Answers (1)
Which of the following statements regarding a firm's optimal capital structure are true? Check all that apply. The optimal capital structure maximizes the firm's stock price. The optimal capital structure minimizes the firm's WACC.
Answers (1)