Loan-to-value Ratio (ltv)

Loan Servicing Reading Loan-to-value Ratio (ltv) 1 minute Next Lot And Block

Definition:   the relationship between the amount borrowed and either the appraised value or sale price (whichever is lower) of a property


Used in a Sentence:   The higher the LTV, the lower the lender’s safety cushion should the borrower default.

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