The Loan-to-Value (LTV) ratio is a financial metric used by lenders to assess risk when approving a mortgage or loan. It compares the loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Understanding LTV helps borrowers make informed financial decisions, impacting loan approval, costs, and overall mortgage terms.
Find out more in my YouTube video below. Got a question? Please contact us, we’d love to help.