The LTV ratio is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage. What is the meaning of "V" in LTV?
The LTV ratio is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage. What is the meaning of "V" in LTV?
1). Voucher
2). Vacuum
3). Vendor
4). Vehicles
1 answers
The LTV ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased.
In LTV ‘L’ stands for Loan, ‘T’ stands for To and ‘V’ stands for Value.
The term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property.Other Questions
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