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2. Loan-to-value ratio - Wikipedia

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

   Distinguishing CLTV from LTV serves to identify loan scenarios that involve more than one mortgage. For example, a property valued at $100,000 with a single mortgage of $50,000 has an LTV of 50%. A similar property with a value of $100,000 with a first mortgage of $50,000 and a second mortgage of $25,000 has an aggregate mortgage balance of ...

3. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   The more common of the two is the 80/10/10 mortgage arrangement in which the home buyer is granted an 80 percent loan-to-value (LTV) on the primary mortgage and 10 percent LTV on the second mortgage with a 10 percent down payment. [33] The piggyback second mortgage can also be financed through an 80/20 loan structure.

4. What is a loan-to-value ratio? - AOL

   www.aol.com/finance/loan-value-ratio-184253472.html

   (Home’s appraised value – down payment) ÷ Appraised value x 100 = LTV ratio. Let’s say, for example, that you plan to borrow $450,000 for a mortgage on a $500,000 house (assuming you’re ...

5. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   For example, if the home is valued at $200,000 and the first mortgage is $100,000 with second mortgage of $50,000, the LTV is 50% while the CLTV is 75%. Naturally, the higher LTV and CLTVs increase the risk of loan. Furthermore, borrowers who contribute significant down payment (lowering the LTV) statistically have lower incidents of foreclosure.

6. 4 ways to get equity out of your home — and what to know ...

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

   A home equity loan — sometimes called a second mortgage — is a fixed-rate loan that allows you to use your home’s equity as collateral. ... your LTV would be 20% — or $100,000 divided by ...

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

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

   Home equity loans — A fixed-rate loan, sometimes called a second mortgage, that allows you to borrow against the equity of your home. ... (LTV) below 85%. A debt-to-income ratio (DTI) below 43%.