Mortgage Basics
LTV (Loan-to-Value)
The loan amount divided by the property value or purchase price, expressed as a percentage.
Example
A $400K loan on a $500K home is 80% LTV.
Related terms
- Pre-Approval
- PMI
- Rate Buydown
Mortgage Basics
The loan amount divided by the property value or purchase price, expressed as a percentage.
A $400K loan on a $500K home is 80% LTV.