Loan-to-value ratio, or LTV, is a phrase we often see thrown about when the housing market is being discussed, though many are left clueless as to what it actually means. It is, in fact, a rather simple concept. We’ll explain exactly what LTV is, and what the implications are of a higher or lower.
Loan amount: $500,000 Loan-to-value ratio (LTV): 125%. As you can see, the underwater borrower has a LTV ratio greater than 100% (this equates to negative equity), which is a major issue from a risk standpoint. For the record, you get 1.25 by dividing 500 by 400.
Our Loan to Value Calculator allows you to calculate the loan-to-value (LTV) and cumulative loan-to-value (CLTV) ratios for your property.
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The loan-to-value (LTV) ratio is how much you’re borrowing from a lender as a percentage of your home’s appraised value. You can calculate your LTV ratio by taking your mortgage loan balance and dividing it by the appraised value of your property. For example, if you’re buying a $300,000 home.
Simple mortgage definitions: Loan-to-Value (LTV) Lenders use loan-to-value calculations on both purchase and refinance transactions. The math to determine your LTV may vary based on loan purpose. Loan-to-value is a key factor in your ability to get approved for a mortgage.
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Loan-to-Value ratio, or LTV ratio, is a key factor in determining your ability to qualify for a mortgage and how much home you can afford. The LTV ratio represents.
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LTV is the loan to value ratio, LA is the original loan amount, PV is the property value (the lesser of sale price or appraised value). CLTV = All Loan Amounts / Property Value = ( LA 1 + LA 2 +. + LA n) / Property Value. Where, CLTV is the combined loan to value ratio, LA 1 is the first loan amount, LA 2 is the second loan amount, PV is the property value (the lesser of sale price or appraised value).
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