How is loan-to-value calculated in a purchase example?
Staff Q&A from the 63Hours team.
Course Q&A
Ask clear questions about the Florida real estate course and learn from course-specific answers.
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Divide the loan by the property value specified for the calculation. The course's purchase examples use the lower of purchase price or appraised value. With a $240,000 loan and a $300,000 applicable value, LTV is 80%. Use the denominator the question requires; do not assume every refinancing or specialist loan program uses identical valuation rules.
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Discussion prompt: Does your example give two different property values?