Suppose you plan to put a 20% down payment on a house and obtain a mortgage loan that is less than the size limit on conforming loans ($417,000) to finance the remainder of the purchase. based on your understanding of the loan-to-value ratio, what is the maximum price that you could pay for a home with these restrictions in mind?
a) $500,400
b) $333,600
c) $521,250
d) $2,085,000

C - $521,250

Explanation:

LTV ratio = APV/MA

where:

LTV ratio = Loan-to-value ratio

MA = Mortgage Amount

APV = Appraised Property Value

In this case, a down-payment of 20% is made which means LTV ratio is 80%.

Mortgage value is $417,000.

Therefore APV = MA/LTV ratio

APV = 417000/80%

= 417000*100/80

= $521,250

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

the answer would be price fixing, hope it