LTV and CLTV both describe how much equity you have in your home versus how much you owe on it. The difference is the LTV only accounts for your primary mortgage, while the CLTV factors in your first mortgage and any subsequent home-related debt, such as a HELOC or home equity loan....
The sum of these amounts is then divided by the home’s value to determine the CLTV. In some cases, lenders may also look at your home-equity-combined-loan-to-value (HCLTV) ratio, which will include the entire approved amount of HELOCs rather than the amount you’ve borrowed. Your C...