Courtney's realtyreport®

January 2019 Issue
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- January 2019 -

Terminology Tip: Loan to Value Ratio

Loan-to-value (LTV) is a term used by lenders to illustrate how much the homeowner owes on their mortgage compared to the value of the home. For example, if someone purchases a property for $100,000 and has a $20,000 down payment, their mortgage would be $80,000, or 80% of the value of the home — an LTV ratio of 80%. The loan's LTV is important for establishing your loan eligibility and mortgage rate for both initial loans and refinance transactions.


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