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What is a loan to value (LTV) and how is it calculated?

calculated loan LTV value
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What is a loan to value (LTV) and how is it calculated?

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The LTV is the relationship between the amount of the home equity loan and the value of the real estate property being pledged as collateral. For example, if you have a home that appraises for $100,000 and you have a $50,000 first mortgage and a $25,000 second mortgage, the two loans together represent a 75 percent loan to value.

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The LTV is the relationship between the amount of the home equity loan and the value of the real estate property being pledged as collateral. For example, if you have a home that appraises for $100,000 and you have a $50,000 first mortgage and a $25,000 second mortgage, the two loans together represent a 75 percent loan to value.

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