The Loan to Value Ratio (LTV) shows how much equity you have in a house relative to the amount you want to borrow or already have borrowed, and is one of the key risk factors assessed by lenders. A higher LTV ratio means higher risk for the lender, and may keep you from getting a loan. The highest LTV most lenders will accept is 95% with very good credit. Keep an eye on your LTV ratio over time as your mortgage balance is paid down, and as your house appreciates in value, because you may be able to eliminate the cost of monthly PMI insurance if the ratio is below 80%.
Current Loan Amount
Enter the current balance of your mortgage.
Second Mortgage Loan Amount
Enter the current balance(s) of all your second mortgage(s) or home equity loan(s).
Enter the total amount of any liens on the property (tax liens, mechanics liens, etc).
Appraised Property Value
Enter the appraised value of your property.
First Mortgage LTV
First Mortgage Loan to Value Ratio based on your first mortgage debt divided by the value of your home.
Cumulative Loan to Value Ratio based on your total mortgage debt divided by the value of your home.
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The HomeLoanLearningCenter.com provides step-by-step
information on how to become financially literate.
Homeownership Preservation Foundation is an independent nonprofit
that provides HUD-approved counselors dedicated to helping homeowners.