Thread: Mortgage Question
View Single Post
  #6 (permalink)  
Old 22nd August 2009, 01:34 PM
mollymore mollymore is offline
Expat Newbie
  
Join Date: Jun 2009
Posts: 8
Rep Power: 0
mollymore is on a distinguished road

Users Flag! Originally from uk. Users Flag! Expat in cyprus.
Default Ltv
Quote:
Originally Posted by Veronica View Post
LTV means Loan-to-Value.
The loan balance is compared to the purchase price or the value of the home. For an example, a loan balance of 80,000 on a home valued at 100,000 would carry an LTV of 80%.
Thanks Veronica i would never have worked that out
Mollt
Reply With Quote