Definitions for

**"Loan to value"****Related Terms:**Ltv, Loan-to-value ratio, Loan to value ratio, Loan-to-value, Loan-to-value-ratio, Ltv - loan to value, Loan-to-value percentage, Lvr , Loan to valuation ratio, Combined loan-to-value, Combined loan-to-value ratio, Cltv, Combined loan to value, Appraisal value, Lending value, High-ratio mortgage, Negative equity, Valuation report, High ratio mortgage, Shared appreciation mortgage, Mortgage calculator, Loan, Home equity, Mortgage constant, Valuation, Mortgage valuation, Hard money loan, Cash out refinancing, Property value, Sam , Floor loan, Appraised value, Equity, Mortgage indemnity guarantee, Hard money lender, Appraisal fee, Capital raising, Appreciation rate, Appraisal, Truth in lending disclosure, Higher lending charge, Shared appreciation, No-cost loan, Assessment ratio, Base loan amount, Til, Further advance, Discount points, Discount point

The loan required expressed as a percentage of the purchase price.

The Loan to Value is the percentage of what is owed against the property vs. what the properties fair market value is.

The relationship between the requested mortgage amount and the appraised value, or, sales price (whichever is lower) of the property. For example, a home valued and priced at $100,000 on which there is an $80,000 mortgage has an LTV of 80 percent.

(LTV) - This term explains the relationship between the value of the property and the amount of mortgage, e.g. a mortgage of £75,000 on a property valued at £100,000 would have an LTV of 75%. The higher the LTV required (i.e. the more of the property value being borrowed), the fewer lenders willing to lend.

The ratio, expressed as a percentage, of the mortgage to the appraised value or purchase price whichever the lesser.

The size of a mortgage quantified as a percentage of the property's value.

A figure representing the size of loan to a property's worth as a percentage. Hence mortgages where no deposit exists have 100% LTV.

the percentage of the money lent compared to the appraised value of the home.

This is the ratio of the loan amount to the property valuation expressed as a percentage. E.g. If a borrower is seeking a loan of £200,000 on a property worth £400,000 it has a 50% loan to value rate. If the loan were £300,000, the LTV would be 75%. The higher the loan to value the greater the lender's perceived risk. Lenders will be more cautious in underwriting high loan to value loans. Loans above normal lending LTV ratios may require additional security.

The percentage of loan available toward the value of the property.

The percentage of the market value established in determining the amount of a new mortgage or trust deed loan.

The proportion of the value of the property that the lender is willing to loan.

Ratio of the mortgage to the appraised value or purchase price of the dwelling, lesser of the two, expressed as a percentage.

The ratio between the value of the collateral in which you are borrowing against and the loan amount. Often financial institutions will set a maximum percentage for this ratio.

The relationship between the amount of a mortgage loan and the appraised value of the security expressed as a percentage of the appraised value.

Depending on property type and other variables, Pacific Capital Bank can provide loans up to 75% (80% on multi-family) of the collateral's value.

The ratio of loan amount divided by property value. Pacific Capital Bank will lend up to 90% LTV (90% of the value of the property).

A ratio determined by dividing the sales price or appraised value, which ever is lower, into the loan amount - expressed as a percentage.

The percentage of the loan against the value of the property. For example, if a property is valued at £100,000 and the loan required to buy the property is £90,000 then the loan to value will be 90%.

Percentage calculated by dividing the loan amount by the purchase price.

This is the percentage the bank is willing to lend you, expressed as a percentage of the bank's estimated value of the property and the loan amount required.

The loan amount compared to the value of the property, normally expressed as a percentage.

is the ratio of Group net debt to the aggregate value of the Group's properties (including the surplus of the open market value over the book value of both development and trading properties), investments in joint ventures and other investments.

What you owe versus what you own. For example: a 70/30 LTV means that you owe 70 percent of the item's worth and you own 30 percent of the items worth. Utilized with Private Mortgage Insurance (PMI).

The percentage of money borrowed in the form of a mortgage against the appraised value or purchase price of the property.

The relationship between the loan outstanding and the value of the property charged as security, e.g. loan £700,000 and value of security £1m = LTV of 70%. Loans will normally be limited to 100% of the surgery valuation for Group practices and up to 90% for sole practitioners and husband and wife partnerships.

(LTV) The ratio between the amount of the mortgage loan and the lower of the sales price or appraised value.

It is the percentage of what is owed on a property compared with the property's actual market value.

In most cases, a home is worth more than the mortgage balance. In other words, the mortgage balance is a percentage of what the home is actually worth. The percentage represents the Loan To Value. For example, if a home is worth $100,000 and the mortgage owed is $80,000, the LTV is 80%.

The ratio of the loan amount divided by the property value.

The portion of an amount borrowed compared to the value (or cost) of a property. Usually expressed as a percentage. EXAMPLE: a buyer obtains an $80,000 mortgage loan on a $100,000 house which results in a 80% "loan to value ratio".

LTV is your loan amount as a percentage of the property value or purchase price, whichever is lower. Please note: payments are fixed, even if interest rates fall. Payments may rise after your fixed-rate period. You can book a fixed rate for up to three months.

The relationship between the principal balance on the mortgage and appraised value of the property. The lesser of purchase price and appraisal determines this value.

Loan to Value. This refers to the size of the mortgage as a percentage of the value of the property i.e. A £45,000 mortgage on a house valued at £50,000 would mean that the LTV would be 90%.

The amount of mortgage expressed as a percentage of the property value. For example, if your mortgage amount was £80,000 and your property is valued at £100,000 your loan to value, or LTV, is 80%. Monthly Interest A method of calculating mortgage interest on a monthly basis.

(LTV) The loan to value is expressed as a percentage and represents the relationship between the size of the mortgage and the value of the property. For example a mortgage of £30,000 on a property valued at £40,000 would be shown as 75% LTV. This is an important figure to look at when considering the various mortgage options as the higher the LTV required the fewer the options.

The percentage of the home's price that is paid for by a mortgage. If the buyer makes a $20,000 down payment and borrows $80,000 to purchase a $100,000 home, the mortgage is 80 percent of the price of the house. Therefore, the loan-to-value ratio is 80%. When refinancing a mortgage, the loan-to-value ratio is computed using the appraised value of the home, not the sale price.

This is the amount you want to borrow divided by the purchase price. In other words, it reflects the size of your deposit. Generally, the lower the loan to value, the safer the lender will view the loan.

This is the amount a lender will be prepared to lend on a property, based on a current market valuation. Typically, most lenders are prepared to lend up to 90% of a propertyâ€(tm)s LTV. So, if a house was valued at Â£100,000, the maximum mortgage available would usually be Â£90,000. If you need a LTV of more than 75%, your lender may charge you an additional fee, known as a â€˜Higher Lending Chargeâ€(tm).

This is the amount of money borrowed as a percentage of the property's overall purchase price (or value, whichever is lower). For example, if a deposit of £25,000 is provided when purchasing a property valued at £100,000, then the mortgage amount borrowed will be £75,000; the LTV is therefore £75,000 divided by £100,000, or 75%.

The amount of loan to be obtained in ratio to the current appraised value of the property. For example: If the mortgage was £80,000 and the property value was £100,000, the LTV would be (80,000 / 100,000) x 100 = 80%.

The ratio, expressed as a percentage, of the loan amount to the lesser of the sales price or appraised value (value) of real property.

The ratio of the loan amount to the appraised price or the purchase price. For example, if a loan amount is $80,000.00 and the purchase price and the appraised value is $100,000.00, the LTV is 80%. (LTV = $80,000 /$100,000).

LTV is the amount of money you borrow compared to the price of the property you are buying.

The ratio of the loan amount to the value of the property. E.g. £85,000 loan against a property value of £100,000 would be an LTV of 85%.

This is expressed as a percentage figure of the lower of the sales price or appraisal divided by the loan amount. If a purchase loan reflects 80% LTV that means the borrower paid a 20% down payment.

Expressed as a percentage, the Loan to Value is the percentage of the value of the property which the borrower is looking to borrow.

LTV is the amount of the loan(s) against the property divided by the estimated (or appraised) value of the property. The result is a percentage which is used to determine both the equity in the property and loan programs which your present LTV allows you to qualify.

This is the amount you are borrowing (the mortgage) as a percentage of the actual value of the property. So, if you have a property valued at £100,000 and a mortgage of £75,000 the loan to value is 75%. The LTV will often determine the rate of interest you pay and whether or not you will have to pay a Higher Lending Charge.

A percentage figure indicating the size of the mortgage on a property in relation to its value. Thus, a house worth Â£120K with a mortgage of Â£60K would have an LTV of 50%. Better mortgage deals are available for lower LTVs - 75% and below.

This is a percentage figure of the loan amount in relation to the property value. For instance a £100,000 property bought with a mortgage of £70,000 has an LTV of 70%. The higher the LTV, the higher the interest rate charged will be; above certain LTVs a Higher Lending Charge comes into effect.

The relationship between the appraised value of the property and the amount of the mortgage against it expressed as a percentage.

LTV) Ratio: The Loan to Value ratio is simply the amount of the mortgage divided by the purchase price of the property or worth of the property. Higher LTV ratios may require mortgage insurance. The amounts vary but usually ratios above about 80% require insurance.

Mathematical computation that compares the loan amount to the value of the property.

This is the ratio between the size of the loan you are seeking and the mortgage lenders valuation of the property.

A ratio used by lenders to calculate the loan amount requested as a percentage of the value of a home. To determine the loan to value ratio, divide the loan amount by the home's value. The LTV ratio is used to determine what loan types the borrower qualifies for as well as the cost and fees associated with obtaining the loan.

The ratio of the fair market value of an asset to the value of the loan that will finance the purchase.

Ratio of the amount borrowed to the value of the property. If you're borrowing £70,000 to buy a £120,000 property, the LTV ratio is 70 per cent. The higher the LTV the more likely it is that you'll have to pay a mortgage indemnity premium that insures the lender against you defaulting on the loan. Borrowers with low LTVs can also usually achieve better deals on their mortgages because they are less risky customers for lenders.

the ratio of the loan amount to the value or price of the property.

A percentage of the loan versus the value of the collateral. The loan to value is calculated by dividing the loan by the value of the collateral. For example, a loan amount of $80,000 divided by a home worth $100,000 equals 80% Loan to Value.

(LTV) The percentage size of the loan in relation to the value of the property.

This is the ratio of the amount of any loan to the valuation of the property.

percentage relationship between the amount of the loan and the sales price or appraised value (which ever less).

Sum of the total liens on a piece of real property divided by the property's appraised value.

is the ratio of net debt excluding fair value adjustments for debt and derivatives, to the aggregate value of properties (including the surplus of the open market value over the book value of trading properties), investments in joint ventures and funds and other investments.

Ratio of a loan amount to the fair market value of the collateral for the loan. This measure is typically expressed as a percentage.

This is a formula used to work out the percentage of the value of the house that you borrow from the lender e.g. if the house is worth â‚¬ 100,000 and you borrow â‚¬ 50,000 the Loan to Value is 50%.

The size of a mortgage as a percentage of the value of the property or its purchase price.

(LTV) - Loan Amount / Value of property. Combined loan to value (CLTV). All loans outstanding (i.e. 1st & 2nd) / Value of property. No Income Verification (NIV) Income is not verified but many times is "Stated" by the applicant borrower. No Documentation (No Doc) Income or assets are not stated. Typically requires a low LTV and higher credit scores.

This is the term used to describe the percentage of the mortgage amount to the value of the property. For example, if a person is buying a property for £80,000 and is able to put down a deposit of £20,000, the mortgage amount loaned will be £60,000. The loan to value percentage is the amount of loan divided by the purchase price. Therefore £60,000 as a percentage of £80,000 is 75% LTV. This means there is equity of 25% in the value of the property.

The loan amount divided by the appraised value.

Ratio of the mortgage verses the property value. This is a common term describing many loan packages and is used to determine the available funds for subsequent (e.g. second mortgages) loans.

Proposed loan amount divide by the value of a property.

The loan-to-value (LTV) ratio is a mathematical calculation which expresses the amount of a first mortgage lien as a percentage of the total appraised value of real property. For instance, if a borrower wants $130,000 to purchase a house worth $150,000, the LTV ratio is $130,000/$150,000 or 87%.

Mortgage Glossary