Definition: the relationship between the amount borrowed and either the appraised value or sale price (whichever is lower) of a property
Pronunciation:
Used in a Sentence: The higher the LTV, the lower the lender’s safety cushion should the borrower default.
Prepare for Your Real Estate Career in 2025: Start Now and Seize the Opportunity As we find ourselves in the final stretch of 2024, there's a palpable sense of urgency...
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