Business, 30.04.2021 07:10 niharikam242
17. A property is valued at $295,000. There is a first and second mortgage with a 77% CLTV.
The second mortgage has a 10% LTV. What is the approximate amount of the first
mortgage?
a. $256,650
b. $227,150
c. $204,435
d. $197,650
Answers: 3
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17. A property is valued at $295,000. There is a first and second mortgage with a 77% CLTV.
The se...
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