The ratio of the loan amount to the property valuation and expressed as a percentage; e.g. if a borrower is seeking a loan of $200,000 on a property worth $400,000 it has a 50% loan to value rate. If the loan were $300,000, the LTV would be 75%. The higher the loan to value, the greater the lender’s perceived risk. Loans above normal lending LTV ratios may require additional security.
Don't hesitate to contact us
Total House Inspection stands as a leading provider in the home inspection industry, especially noted for its extensive services offered…
Most people hear “home inspection” and picture someone walking around with a clipboard. What’s actually happening is much more structured…
When used properly, a home inspection checklist assures that a particular piece of equipment has undergone a home inspection in Michigan. The…
