Glossary of terms used on this site
There are 105 entries in this glossary.All
| Term | Definition |
|---|---|
| Loan-to-Value Ratio (LTV) |
The ratio of the amount of money you borrow compared to the value of the property. For example, if you put 5% down you will have a loan that is 95% of the value of the property or an LTV of 95% (loan amount / property value=LTV). |