Final answer:
The loan-to-value (LTV) ratio of a property worth $450,000 and a loan amount of $350,000 is approximately 77.78%.
Step-by-step explanation:
The loan-to-value (LTV) ratio is a financial term used to calculate the percentage of a property's value that is being financed through a loan. To calculate the LTV ratio, divide the loan amount by the property value and multiply by 100.
In this case, the property is worth $450,000 and the loan amount is $350,000. So, the LTV ratio would be ($350,000 / $450,000) * 100 = 77.78%.
This means that the loan amount is approximately 77.78% of the property value.