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Sergio [31]
4 years ago
9

A borrower has applied for a refinance on her property valued at $235,000. She currently has a HELOC with a $47,000 limit and cu

rrently owes $25,850. The borrower has applied for a first mortgage of $164,500. Which of the following LTV, CLTV, and HLTV are accurate based on this information?
a. 70% / 80%/ 95%
b. 70% / 83% / 100%
c. 70% / 81% / 90%
d. 75% / 80% / 91%
Business
1 answer:
gladu [14]4 years ago
8 0

Answer:

c. 70% / 81% / 90%

Explanation:

Loan to Value ratio LTV is the ratio of borrowers principal loan balance to the appraisal value of the property. Combined Loan to Value Ratio CLTV is the ratio which considers the sum of all the loan taken on the property. High loan to Value ratio is the one which loan is exceeding by the value of borrowers home.

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When scrutinizing a statement of cash flows in an attempt to gain a better understanding of the client, which would be of most a
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In scrutinizing a statement of cash flows in an attempt to gain a better understanding of the client, the auditor should evaluate to check if the client is meeting interest payments when they are due. The auditor may use information about the client's industry. This is done to evaluate whether significant changes is made in the company from prior periods, including changes in its internal control over financial reporting, affect the risks of material misstatement.

4 0
3 years ago
Which type of evidence serves to substantiate the distinct set of elements whose commission or omission must be demonstrated to
monitta
<span><span>If these were the missing choices:
A)Crime scene documentation.
</span><span>B)Associative evidence.
</span><span>C)The rule of detail.
</span><span>D)<span>Corpus delicti evidence.
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My answer is D. Corpus delicti evidence.

Corpus delicti evidence
is the type of evidence that serves to substantiate the </span><span>set of elements whose omission or commission must be demonstrated to have occurred in order to prove a criminal offense.

Corpus delicti is in Latin. It refers to the body of an offense. One can't be convicted of a crime is there is no physical evidence of a crime. 
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6 0
3 years ago
Shoprite environmental impact on people
Dennis_Churaev [7]

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<h3>What is an environment?</h3>

It should be noted that an environment simply means the surrounding where an organism lives.

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4 0
2 years ago
Suppose a food pantry received a donation and allowed volunteers to vote on how the funds were to be spent. Three options were p
Tems11 [23]

Answer:

improvements to the building,

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The value of opportunity cost is equated to the value of the next best alternative. Where there were more than two alternatives available, the next best alternative from the chosen option becomes the opportunity cost. In this case, improvement to the building was voted the second preferred option; hence it becomes the opportunity cost.

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<h3>What is six sigma?</h3>

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