Essentially, the loan-to-worthy of (LTV) ratio ‘s the flip edge of your advance payment, as long as the cost translates to the appraised property value this new household. If you was getting off 20%, your LTV was 80%. If there is a big change between your appraised value while the speed you provided to shell out, the financial institution use the reduced matter so you’re able to calculate your own LTV (loan amount split of the appraised worthy of or purchase price). Continue reading « What is a Loan-to-Value (LTV) Proportion? »