The sum of all liens on the property divided by the value (or purchase price, if applicable) of the property.

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).

The principal balance of all mortgages on a property including all secondary liens divided by the value of the property.

The relationship between the unpaid principal balances of all the mortgages on a property and the property's appraised value.

The ratio of the total amount borrowed on all mortgages against a property compared to the appraised value of the property. For example, if you have an $80,000 1st mortgage and a $10,000 2nd mortgage on a home with an appraised value of $100,000, the CLTV is 90% ($80,000+$10,000 = $90,000 / $100,000 = 90%).

The way a lender calculates the LTV on a home equity loan; it is based on the sum of the debts on both mortgages, compared to the fair market value.

The mathematical relationship between the total of all loan amounts (first mortgage plus subordinate liens) and the value of the subject property.

The principal balance of all mortgages on the property (including second and third trusts) divided by the value of the property.

The unpaid principal balances of all the mortgages on a property (first and second usually) divided by the property's appraised value.

The ratio derived by combining all liens (total of all mortgages owed) verses the appraised or sales value (whichever is lower). For example, if a property is appraised at $200,000.00 and sold for $210,000.00 and $160,000.00 is owed on the home would have a CLTV of 80% ($160,000.00 vs. $200,000.00).