: Typically required on __ loans when the down payment is less than % and loan-to-value ratio is in excess of %.

Question

3 years ago

15

: Typically required on __ loans when the down payment is less than % and loan-to-value ratio is in excess of %.

Loans with higher LTVs don't conform to Fannie Mae/Freddie Mac guidelines, so a lender may require PMI to offset the risk.

Business

1 answer:

BARSIC [14] · Answer 1 · 2022-05-30T17:10:18+03:00

Answer:

Mortgage, 20%, 80%

Explanation:

Typically required on Mortgage loans when the down payment is less than 20% and loan-to-value ratio is in excess of 80%. Loans with higher LTVs don't conform to Fannie Mae/Freddie Mac guidelines, so a lender may require PMI to offset the risk.

: Typically required on ________ loans when the down payment is less than ______% and loan-to-value ratio is in excess of ____%.

: Typically required on __ loans when the down payment is less than % and loan-to-value ratio is in excess of %.