Posted by Rich Hyams on July 06, 2003 at 14:14:03:
Loan To Value
100k home
60k loan
60% ltv
ltv - Posted by tg
Posted by tg on July 06, 2003 at 12:57:23:
can someone please tell me what ltv stands for…just trying to learn
thanx in advance
Re: ltv - Posted by Lyal
Posted by Lyal on July 06, 2003 at 17:56:34:
Check out this article.
http://www.creonline.com/articles/art-068.html
After that continue reading the articles, money ideas and success stories. That should give you some grounding in the vocabulary and strategies discussed here. Lots of pre-screened course material available at reasonable prices to help you “get in the game” if it seems like something you want to do.
All the best, Lyal
Re: ltv - Posted by GL - ON
Posted by GL - ON on July 06, 2003 at 14:16:42:
Loan to value ratio.
If a property appraised at $100,000 and you wanted a 1st mortgage for $75,000 that would be a LTV of 75% which is acceptable to practically any bank.
High ratio loans with an LTV of 80 - 90% are common these days, and even 100% or more, if you have a reallly really good credit rating.