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What is a Loan-to-Value ratio?

April 26, 2017loan-to-value ratio

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What is a Loan-to-Value ratio?

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Secured ChurchLoans must meet a 75 percent loan-to-value ratio. For example: If XYZ parish’s property is worth $1 million, XYZ parish’s borrowing limit is 75 percent of that value, or $750,000.

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The Loan-to-Value Ratio (LTV) is the ratio between the loan amount (or balance) and the market value (or price) of the property expressed as a percentage.