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What does Loan-to-Value Ratio (LTV) mean?

What does Loan-to-Value Ratio (LTV) mean?

Loan-to-Value Ratio (LTV) is a measure of the amount of the loan compared to the appraised value of the property. It is calculated by dividing the loan amount by the appraised value or purchase price of the property, whichever is lower, and is...

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