Simply put, the loan-to-value ratio, or “LTV ratio” as it’s more commonly known in the industry, is the mortgage loan amount divided by the lower of the purchase price or appraised value of the property. If we’re talking existing mortgages (in the case of refinance loans), it’s the outstanding loan balance divided by the appraised value.
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Loan-to-Value Ratio (LTV) A loan-to-value ratio (LTV) compares how much you borrow with the value of the home you’re borrowing against. It’s calculated as the amount to be borrowed divided by the home’s value and is generally expressed as a percentage.
NerdWallet’s loan-to-value calculator helps determine your LTV ratio for a home purchase, refinance or home equity loan. The ratio is the loan amount relative to a home’s value. The ratio.
What is a loan-to-value ratio in an auto loan? – A loan-to-value ratio (LTV) is the total dollar value of your loan divided by the actual cash value (ACV) of your vehicle. It is usually expressed as a percentage. Your down payment reduces the loan to value ratio of your loan.
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How to Calculate Your Loan-to-Value Ratio | Sapling.com – Loan Amount Divided by Value. Divide the loan balance needed for your purchase or refinance by the estimated or appraised value of the home. For example, the equation for a $200,000 home purchase with a 20 percent down payment is: $160,000 / $200,000. The loan to value ratio is 0.8, or 80 percent ltv.
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