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DSC PRIME Revised 4/3/2023 v3Investment Transaction DSC Qualification FicoMaximum LTV/CLTVs720+ 1,000,000 1,000,001 1,500,000 1,500,001 2,000,000 2,000,001 2,500,000 2,500,001 3,000,000 3,000,001
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How to fill out maximum ltvcltvs
How to fill out maximum ltvcltvs
01
Determine the total value of the property in question.
02
Calculate the loan amount that you are seeking.
03
Divide the loan amount by the property value.
04
Multiply the result by 100 to get the maximum LTV ratio.
Who needs maximum ltvcltvs?
01
Borrowers who require a higher loan amount in proportion to the property value.
02
Lenders who want to assess the risk associated with providing a loan based on the property value.
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What is maximum ltvcltvs?
Maximum LTV/CLTV is the maximum loan-to-value and combined loan-to-value ratio for a mortgage.
Who is required to file maximum ltvcltvs?
Lenders and financial institutions are required to file maximum LTV/CLTV ratios for mortgages.
How to fill out maximum ltvcltvs?
Maximum LTV/CLTV ratios are typically filled out by entering the loan amount and the appraised value of the property.
What is the purpose of maximum ltvcltvs?
The purpose of maximum LTV/CLTV ratios is to assess the risk associated with a mortgage loan.
What information must be reported on maximum ltvcltvs?
The information reported on maximum LTV/CLTV ratios includes the loan amount, property value, and loan-to-value ratio.
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