Define loan-to-value. loan-to-value synonyms, loan-to-value pronunciation, loan-to-value translation, English dictionary definition of loan-to-value. n the ratio between the sum of money lent in a mortgage agreement and the lender's valuation of the prop
Define Combined Loan-to-Value. RATIO: The fraction, expressed as a percentage, the numerator of which is the sum of (x) the original principal balance of the related Mortgage Loan and (y) the outstanding principal balance at the date of origination of th
The Loan-to-Value ratio calculates the amount of loan you can be approved for by comparing it to the appraised value of the property you intend to purchase. It is an essential factor in loan financing, particularly in the real estate industry. By setting a maximum LTV ratio, lenders can l...
to the Servicer, to (a) in the case of a purchase, the lesser of the sales price of the Mortgaged Property and its appraised value at the time of sale, or (b) in the case of a refinancing or modification, the appraised value of the Mortgaged Property at the time of such ...
loan-to-value ratio inFinance topic From Longman Business Dictionaryˌloan-to-ˈvalue ˌratioabbreviationLVRthevalueof a house,landetc inrelationto the value of theloanused tobuyitIn order to refinance, they’ll have to pay down their first mortgage so that the loan-to-value ratio meets...
A definition of the term "loan to value" is presented. It refers to the amount of the loan as it relates to the value of the real estate that secures the loan. Requirements are set by lenders for the loan to value based on different criteria. It is also a function of perceived risk...
Define loan. loan synonyms, loan pronunciation, loan translation, English dictionary definition of loan. the act of lending: the loan of a book; money lent: The bank granted the loan. Not to be confused with: lend – to grant the use of something that wi
Your “loan to value ratio” (LTV) compares the size of your mortgage loan to the value of the home. For example: If your home is worth $200,000, and you have a mortgage for $180,000, your LTV ratio is 90% — because the loan makes up 90% of the total price. ...
The meaning of LOAN VALUE is the amount which the owner may borrow against a life insurance policy, equal to the cash value less interest to the end of the current policy year.
Combined loan-to-value (CLTV) ratio is the ratio of all loans on a property to the property's value. Lenders use it to determine risk of default.