Loan-to-Value Ratio (LTV)
The ratio of a mortgage loan amount to the appraised value of the property, expressed as a percentage. An 80% LTV means the borrower is financing 80% of the property's value and putting 20% down.
The ratio of a mortgage loan amount to the appraised value of the property, expressed as a percentage. An 80% LTV means the borrower is financing 80% of the property's value and putting 20% down.