Terms And Phrases To Learn Before House Hunting
- By
Julia Austin
Source: Nipitphon Na Chiangmai / EyeEm / Getty
LTV
The LTV is the loan-to-value ratio, which is the ratio of the amount of money borrowed over the appraised value of the home. Most lenders want the LTV to be eighty percent or less to minimize their own risk, which is why they want borrowers to put down 20 percent or more.
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
