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What does CLTV mean?

cltv mean
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What does CLTV mean?

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CLTV stands for combined loan-to-value, which is the ratio of total mortgage balances to your property’s value. For example, if your property is worth $200,000, and you owe $125,000 on the first mortgage and $35,000 on your second mortgage, your CLTV ratio is 80%.

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