Mortgage FAQs

What is a Loan To Value Ratio (LTV)?

A ratio determined by dividing the sales price or appraised value into the loan amount, expressed as a percentage.

For example, with a sales price of $100,000 and a mortgage loan of $80,000, your loan to value ratio would be 80%.

Loans with an LTV over 80% may require Private Mortgage Insurance.

 


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