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What is LTV or Loan to Value?

April 26, 2017loan LTV value

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What is LTV or Loan to Value?

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The LTV or Loan to Value ratio, is the amount of your loan compared to the appraised value of your property. This ratio directly affects the loan programs and rates you will be eligible for. Lenders will offer better loan programs and rates to borrowers with lower LTV ratios.The current Making Home Affordable Loan Modification plan outlined by the Obama administration only allows for a maximum of 105% LTV.