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oksano4ka [1.4K]
1 year ago
9

Glenn is purchasing a home for $400,000. the property appraised at $415,000 and glenn is financing $300,000. what's the loan-to-

value ratio?
Business
1 answer:
bazaltina [42]1 year ago
8 0

Answer:

75%

<h3>Explanation:</h3>
  • Lenders use the lesser of the sales price or appraised value to calculate the loan-to-value ratio (LTV).
  • This results in LTV of 75% ($300,000/$400,000).
<h3>How do you calculate the loan-to-value ratio?</h3>
  • To figure out your LTV ratio, divide your current loan balance (you can find this number on your monthly statement or online account) by your home's appraised value.
  • Multiply by 100 to convert this number to a percentage. Caroline's loan-to-value ratio is 35%.

To learn more about it, refer

to brainly.com/question/25689052

#SPJ4

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Pay plans or compensation plans are used to control, energize or direct the employees in a particular job at any company or organization.

Option C is the correct answer.

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