Exam (elaborations)
PSI National Real Estate Salesperson Practice Exam 2023
- Course
- Institution
A lender will make an 80% loan-to-value loan on a property that is appraised for $72,250 and sells for $73,500. If the buyer has saved $14,450 for a down payment, how much more (if any) will he need in order to make the down payment required under the terms of this loan? - Answer- He needs an addit...
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