Loan-To-Value (LTV) Ratio

by | Dec 31, 2024 | Auction News | 0 comments

Why does the Loan-To-Value (LTV) Ratio matter when applying for a mortgage?

Loan-To-Value (LTV) Ratio

The relationship between the loan amount and the value of the property (the lower of appraised value or sales price), expressed as a percentage of the property’s value. For example, a $100,000 home with an $80,000 mortgage has an LTV of 80 percent.

     

    Real estate words

    and definition

    CLICK THIS BUTTON

    For other words and definitions

    related to real estate auctions

    CLICK THIS BUTTON

    For all active auctions,

    and properties for sale

    CLICK THIS BUTTON
    Contact

    Get InTouch

    Email:

    411@myersjackson.com

    Phone:

    +1-844-400-2828 Phone
    +1-469-460-4848 Text

    Address:

    Myers Jackson
    P.O. Box 2014, Grapevine, TX 76099

    • This field is for validation purposes and should be left unchanged.