LTV

LTV, which is short for loan to value, is a lending risk assessment ratio that is examined by lenders before approving home mortgages. A high LTV ratio is …

LTV, which is short for loan to value, is a lending risk assessment ratio that is examined by lenders before approving home mortgages. A high LTV ratio is seen as high risk thus accepting a mortgage with a high LTV will ultimately cost the borrower more to borrow.

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Loan to value is calculated by taking the loan amount and dividing it by the value of the home. The home value is often determined by an appraiser.

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