An essential number if you are buying otherwise refinancing property
Independence Home loan spends LTV to assist see whether your qualify for that loan. Such as for instance, some mortgage loans need the LTV to get no greater than 80% if you wish to qualify for financing.
We also use financing-to-worthy of ratio determine a beneficial mortgage’s exposure. Customers having all the way down LTVs have more guarantee inside their land, are believed less likely to want to standard, and can even qualify for lower costs or best terms and conditions when they purchase or refinance a home.
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