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what is loan to value on a mortgage

Loan to value is the ratio of your first mortgage balance to your home value, while combined loan to value is the same ratio but with all your other home loans added into the calculation. If you have any second mortgages, home equity loans or lines of credit that depend on your property as collateral, those balances will be factored into the CLTV.

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The loan-to-value ratio (LTV) is a crucial factor if you’re buying a home and applying for a mortgage. So what exactly is this loan-to-value ratio, or LTV? An LTV ratio is simply the amount of.

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Definition. Loan to value ratio (LTV) is the relationship between a property value and the amount of loans against it.LTV is calculated by dividing the loan amount by the property value. Calculating LTV. If a home buyer makes a down payment of $40,000 on a home appraised at $200,000, the mortgage loan would be for $160,000.

Loan-to-value (LTV) is a term that refers to the ratio of a loan’s amount to the value of the property at the time the loan is taken out. For most "forward" mortgages (conventional mortgages that amortize regularly), the maximum loan-to-value ratio for loans without private mortgage insurance (PMI) ratio is typically 80 percent.

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LTV stands for "Loan-to-Value". The loan to value ratio is the loan amount compared to the apprised market value of a property. Lenders use LTV ratios to determine the amount of equity a borrower will have on a property. The lower the LTV on a mortgage the less risky the loan is, this leads to better loan terms.

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An appraisal is the primary tool that a mortgage company uses to determine the value of the home (as well as the mortgage) before approving a home loan. The appraisal is performed by a licensed professional who has training and experience in the valuation of property in that particular area.

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