Applying for the Mortgage: Understand loan-to-value LTV
Author: 4C Mortgage Consultancy | Category: Home Loan Broker | Date: November 12, 2016
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The loan-to-value (LTV) is basically the percentage of the loan amount to the appraised value of the property. The LTV is an offering ratio that financial institutions study before approving a mortgage and is calculated by dividing the sum of your loan into the total value of your property. For example, if Read More...