Posted by Brent_IL on June 22, 2003 at 21:58:46:
If your buyer said 65%, that’s his target rate. Others may go higher and some may want to buy at lower percentages of MV. The Seller is the one that receives less. “$70,000” less holding costs during your time of ownership.
LTV Question - Posted by No Other Investor
Posted by No Other Investor on June 22, 2003 at 18:14:30:
Hello, I work with a buyer who works off a 65% ltv. Does that mean tha max. amount he is going to pay for this house is 130,000 including all expenses? So does this mean that if the FMV of a house was 200,000. I would have to buy the house like below:
200,000 * .65 = 130,000
130,000
minus Real Estate Commission
minus closing Costs
minus Repair Costs
minus my profit
Amount to offer to seller
Is this correct? the buyer gets 70,000!