Loan To Value Ratio (LTV Ratio)
Definition - What does Loan To Value Ratio (LTV Ratio) mean?
A loan to value ratio is the difference between the amount borrowed against a property and the value of the property. In many states, there is a legal obligation for the LTV to be less than 100%.
Justipedia explains Loan To Value Ratio (LTV Ratio)
A loan to value ratio will determine when a borrower is able to remortgage and the amount that they are able to receive.