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A buyer wants to purchase a home priced at $100,000. The lender appraises the house at $90,000 and agrees to make an 80% loan-to-value loan. How much cash MUST the buyer put down to get the house?
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2 votes
A buyer wants to purchase a home priced at $100,000. The lender appraises the house at

$90,000 and agrees to make an 80% loan-to-value loan. How much cash MUST the buyer put
down to get the house?

User Kirill Pisarev
by
5.0k points

1 Answer

3 votes

Answer:

60,000

Explanation:

User GreatGather
by
5.3k points
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