A financial term used mainly by lenders to express the ratio of a loan to the value of the asset purchased using the loaned money or to the value of the asset serving as collateral on the loan. A borrower taking out a $65,000 loan to purchase a $100,000 property has, in its simplest form, an LTV of 65%.

Refi or Ride It Out?
DSCR rates may be about to move in your favor. Trying to time your refinance just right? That’s...
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