Definitions for "Combined Loan-to-Value Ratio"
Keywords:  cltv, ltv, ratio, unpaid, equity
The total amount you are borrowing in mortgage debts divided by the home's fair market value. Someone with a $50,000 first mortgage and a $20,000 equity line secured against a $100,000 house would have a CLTV ratio of 70%.
The ratio between the unpaid principal amount of your first mortgage, plus your home equity loan – or your credit limit in the case of a line of credit – and the appraised value of your home. Expressed as a percentage.
The ratio, expressed as a percentage, of your total loan amounts to the value of your property.