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A lender is considering whether to approve a mortgage loan on a home recently appraised at a value of $500,000. If the borrower is willing to make a down payment of $100,000, determine the loan-to-value ratio associated with this property.

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The loan-to-value ratio associated with this property is:80%.

Loan-to-value ratio

Using this formula

Loan-to-value ratio=(Mortgage loan-Down payment)/Mortgage loan×100

Let plug in the formula

Loan-to-value ratio=($500,000-$100,000)÷$500,000

Loan-to-value ratio=$400,000/$500,000×100

Loan-to-value ratio=80%

Therefore the loan-to-value ratio associated with this property is:80%.

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