LTV
Loan-to-value ratio: the loan amount divided by the home's value.
Above 80%, our conventional estimate starts adding PMI.
Combined LTV also counts other loans on the house. Leave those balances out and the equity number is too cheerful.
Loan-to-value ratio: the loan amount divided by the home's value.
Above 80%, our conventional estimate starts adding PMI.
Combined LTV also counts other loans on the house. Leave those balances out and the equity number is too cheerful.