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sqdancefan
The loan-to-value ratio (LTV) is the ratio fo the first mortgage amount to the appraised value of the property. Here, that is
  LTV = ($200,000)/($290,000)
  LTV = 0.689655
  LTV ≈ 69%

Answer:

The LTV ratio 69 %.

Step-by-step explanation:

Since, the LTV( loan to value) ratio is obtained by dividing the borrowed amount by the appraised value of the property.

Given,

The value of property that is purchased = $ 290,000,

Also, the amount of loan or borrowed amount = $ 200,000,

Hence, the LTV ratio = [tex]\frac{200000}{290000}[/tex]

[tex]=0.689655172414[/tex]

[tex]=68.9655172414\%[/tex]

[tex]=69\%[/tex]

Third option is correct.

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