If two loans together achieve an 83% CLTV and the second loan is at 23% LTV, what is the LTV of the first loan?
A. 23%
B. 106%
C. 60%
D. 37%
Answer:C
If two loans together achieve an 83% CLTV and the second loan is at 23% LTV, what is the LTV of the first loan?
A. 23% B. 106% C. 60% D. 37%