Definitions for "CLTV"
The combination of all mortgages on the property divided by the appraised value or purchase price, expressed in a percentage.
Combined Loan to Value. The percentage of the property valued borrowed through a combination of more than one loan (for example, first mortgage and home equity line of credit. Mathematically, combined loan and line of credit amounts/property value = Combined Loan to Value Ratio).
Combined Loan to Value. The principal balance of all mortgages on a property including all secondary liens divided by the value of the property.