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WHAT DOES LOAN-TO-VALUE RATIO MEAN?

loan-to-value mean ratio
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WHAT DOES LOAN-TO-VALUE RATIO MEAN?

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(LTV) The loan amount expressed as a percentage of the lower of the appraised value or purchase price of the property. For example, a 90% LTV loan means a 10% down payment or financing 90% of the sales price or appraised value of the property. There are often different maximum LTV limitations for different loan programs .

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