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  2. Cash-out refinance explained: How it works — and when ... - AOL

    www.aol.com/finance/what-is-cash-out-refinance...

    A cash-out refinance lets you borrow against your home's equity by replacing your current mortgage with a bigger one, giving you the difference in cash. ... Loan-to-value ratio (LTV) Up to 100% of ...

  3. Loan-to-value ratio - Wikipedia

    en.wikipedia.org/wiki/Loan-to-value_ratio

    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.

  4. 4 ways to get equity out of your home — and what to know ...

    www.aol.com/finance/how-to-get-equity-out-of...

    For home equity loans, finding your LTV typically involves an updated appraisal of your property to determine its current value, which your lender will require. Once you have your appraised value ...

  5. Fact vs. fiction: Top 8 common home equity myths — debunked

    www.aol.com/finance/home-equity-myths-debunked...

    Myth #2: You can access 100% of your home’s equity with a home equity loan or a HELOC. Unfortunately, very few lenders will finance a loan for 100% of your home equity.

  6. USDA home loan - Wikipedia

    en.wikipedia.org/wiki/USDA_home_loan

    A USDA home loan is different from a traditional mortgage offered in the United States in several ways. USDA loans require no down payment, meaning that it is possible to finance up to 100% of the property value. One must meet the income restrictions for the county in which the buyer is interested. Each county has a maximum Income Requirement.

  7. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    For example: if the borrower's house appraises for $415,000 and they wish to refinance for the amount of $373,500 – the LTV ratio would be 90%. The lender also may put a limit to how much the LTV can be – for example, if the borrower's credit is bad, the lender may limit the LTV that the borrower can loan.

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