Loan to Value Ratio
Loan to Value (LTV) Ratio
a percentage calculated by dividing the amount borrowed by the price or appraised value of the home to be purchased; the higher the LTV, the less cash a borrower is required to pay as down payment.
Found op http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying
Loan to Value Ratio
The ratio of the loan amount to the property valuation and expressed as a percentage; e.g. if a borrower is seeking a loan of $200,000 on a property worth $400,000 it has a 50% loan to value rate. If the loan were $300,000, the LTV would be 75%. The higher the loan to value, the greater the lender'...
Found op http://www.rookinspections.com/glossary/glossaryl.shtml
Loan to value ratio
- The ratio of the loan amount to the property valuation and expressed as a percentage. E.g. if a borrower is seeking a loan of $200,000 on a property worth $400,000 it has a 50% loan to value rate. If the loan were $300,000, the LTV would be 75%. The higher the loan to value, the greater the lender...
Found op http://www.homebuildingmanual.com/Glossary.htm
loan to value ratio
(LTV) The unpaid principal balance of the mortgage on a property divided by the property's appraised value. The LTV will affect programs available to the borrower and generally, the lower the LTV the more favorable the terms of the programs offered by lenders.
Found op http://www.eloan.com/s/show/glossary
The loan amount divided by the lesser of the selling price or the appraised value. Also referred to as LTV. The LTV and down payment are different ways of expressing the same set of facts.
Found op http://www.glossarycentral.com/mortgage/loan_to_value_ratio.html
The loan-to-value (LTV) ratio expresses the amount of a first mortgage lien as a percentage of the total appraised value of real property. For instance, if a borrower borrows $130,000 to purchase a house worth $150,000, the LTV ratio is $130,000/$150,000 or 87%.(LTV) Loan to value is one of the key...
Found op http://en.wikipedia.org/wiki/Loan-to-value_ratio
The ratio of the principal balance of a home loan to the estimated market value. A $100,000 home with a $75,000 mortgage, for example, has a loan-to-value ratio of 75%. Few lenders will make a loan for the full value of a home; most have a maximum loan-to-value ratio of 75% to 90%.
Found op http://www.encyclo.co.uk/visitor-contributions.php
The ratio of the amount borrowed to the appraisal or market value of the underlying collateral, usually taken into consideration in relation to loans used for real estate financing. It indicates the percentage of the appraisal or value of the collateral that the bank is willing to provide as a loan....
Found op http://www.oenb.at/dictionary/termini.jsp?EINTRAG_ID=6808
The ratio of the mortgage loan amount to the properties appraised value (or the selling price whichever is less).
Found op http://www.pmel.org/RealEstate-Mortgage-Glossary.htm
The relationship between the amount of the mortgage loan and the appraisal value of the property, expressed as a percentage.
Found op http://www.ratezip.com/mortgage-glossary.html
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