The loan to value ratio is the percentage of the home’s purchase price represented by the mortgage amount. For example, an LTV of 100 indicates that the mortgage was 100% of the purchase price and an LTV of 80 indicates that the mortgage was 80% of the purchase price. Note that the LTV is calculated separately for each individual mortgage rather than the aggregate of all mortgages against a property.
What is the LTV Ratio?
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