Maximum Loan-to-Value Ratio

Definition of "Maximum Loan-to-Value Ratio"

Josephine Jordan real estate agent

Written by

Josephine Jordanelite badge icon

Raritan Bay Realty

The maximum allowable ratio of loan-to- value (LTV) on any loan program. Generally, these are set by mortgage insurers or by lenders and can range up to 100%, although some programs will go above 100%.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Mortgage Terms

The portion of the monthly payment that is used to reduce the loan balance. ...

A documentation requirement where the applicant's assets are not disclosed. ...

The amount of interest, expressed in dollars, computed by multiplying the loan balance at the end of the preceding period times the annual interest rate divided by the interest accrual ...

Employees of lenders or mortgage brokers who find borrowers, sell and counsel them, and take applications. Loan officers employed by mortgage brokers may also be involved in loan ...

The month in which a zero loan balance is reached. The payoff month may or may not be the loan term. ...

A lender offering loans on the Internet who provides mortgage shoppers with the information they need to make an informed decision before applying for a mortgage and guarantees them ...

Fees assessed by lenders when payments are late. Late fees are usually 4% or 5% of the payment. A borrower with a 6% mortgage for 30 years who pays a 5% late charge every month raises his ...

Limit on the size of payment change on an adjustable rate mortgage. ...

A reverse mortgage program administered by FHA. ...

Popular Mortgage Questions