This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.

In this episode you will learn:

• The exact formula for calculating Loan to Value ratio and why the denominator is the lower of two values.

• How to navigate exam traps involving low appraisals and high sales prices.

• The relationship between high LTV ratios and lender risk assessments.

• When and why Private Mortgage Insurance is required for conventional loans.

• How to solve Combined Loan to Value math problems with multiple liens.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep