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The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. In real estate , the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property .
Loan-to-value ratio is one piece of the puzzle here. Lenders like a low LTV ratio, meaning having equity in the house from the outset. This lowers your likelihood of ending up underwater on your ...
In marketing, customer lifetime value (CLV or often CLTV), lifetime customer value (LCV), or life-time value (LTV) is a prognostication of the net profit contributed to the whole future relationship with a customer.
The loan-to-value ratio, also called LTV for short, is a factor lenders use to help determine the risk of a loan. LTV is an indicator of how much you're borrowing relative to the value of the ...
The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.
In this case, your LTV would be 20% — or $100,000 divided by $500,000 — which tells lenders you have 80% equity in your home. Do lenders offer autopay discounts for home equity loans?
This down payment may be expressed as a portion of the value of the property (see below for a definition of this term). The loan to value ratio (or LTV) is the size of the loan against the value of the property. Therefore, a mortgage loan in which the purchaser has made a down payment of 20% has a loan to value ratio of 80%.
It's not possible to lose mortgage insurance until you have at least an 80% loan-to-value ratio, meaning that your home has 20% or more in equity that's free and clear. ... Holding on to this loan ...