The total loan-to-value (LTV) ratio, which represents a lender’s risk, is mathematically expressed as the total outstanding (or potential) property loan amount divided by the appraised value of the property.
In fact, the expectation has shifted so far that some investors and financial pundits now worry when a deal does not receive the kind of favorable financing terms that would fit the definition of a.
Definition of Loan to Value. Loan to value is a standard risk assessment tool used by mortgage lenders. It compares the amount of the loan request or the balance of an existing mortgage to the purchase price or appraised value of the property, expressed either as a ratio or a percentage. Underwriters use it in combination with your credit history.
Loan-to-value or loan-to value ratio means the percentage or ratio that is derived at the time of loan origination by dividing an extension of credit by the total value of the property(ies) securing or being improved by the extension of credit plus the amount of any readily marketable collateral and other acceptable collateral that secures the extension of credit. The total amount of all senior liens on or interests in such property(ies) should be included in determining the loan-to-value ratio.
Define loan-to-value. loan-to-value synonyms, loan-to-value pronunciation, loan-to-value translation, English dictionary definition of loan-to-value. n the ratio between the sum of money lent in a mortgage agreement and the lender’s valuation of the property involved.
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Loan-to-value definition: the ratio between the sum of money lent in a mortgage agreement and the lender’s. | Meaning, pronunciation, translations and examples
The proposed legislation makes the definition much clearer, said Kim Mauer, a banking attorney at Frost Brown Todd, which has advised First Financial Bank in Cincinnati and other banks. Specifically,
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Loan-to-value (LTV) ratios of at most 80% tend to help homebuyers secure low mortgage interest rates and favorable terms. You can find your LTV by dividing the total mount of your mortgage into the total purchase price of the home and express the result as a percentage.
Loan-to-Value or LTV is the amount of money you’re borrowing as a percentage of your home’s value. Lenders use loan-to-value calculations on both purchase and refinance transactions.
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