"FSBO" or "buying foreclosures"
"Chicago, IL" or "Florida"
Views: 4149
Loan-To-Value Ratio (LTV)
The loan amount divided by either the lesser of the sales price of a property, or its appraised value. The LTV ratio is used during the loan approval period to gauge risk: the higher the LTV ratio, the higher the interest rate, and vice versa.
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