Get easy to understand definitions for common mortgage terms from the Mortgage Insider. In our glossary, we define the word, tell you about in industry usage, and usually give an example so you can fully and easily understand not just the meaning but the function of the word.
Loan-To-Value
Loan-To-Value (LTV) Defined
Loan to value is the percentage of the mortgage compared to the value of a home. Most often it is referred to as LTV.
To calculate the LTV, divide the mortgage amount by the value.
For example, the mortgage is $80,000 and the home is worth $100,000 so divide $80,000 [...]
