LTV
Loan-to-value ratio: the loan amount divided by the home's value.
An LTV above 80% is where this site starts estimating conventional PMI.
Combined LTV includes other loans secured by the house. Include those balances when you measure equity.
Loan-to-value ratio: the loan amount divided by the home's value.
An LTV above 80% is where this site starts estimating conventional PMI.
Combined LTV includes other loans secured by the house. Include those balances when you measure equity.