Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Loan-to-Value (LTV) Ratio

Updated on 2023-08-29T11:59:18.277993Z

The loan-to-value or LTV ratio is an evaluation of the lending threat that financial institutions as well as other lenders investigate before mortgage approval.

Typically, the evaluations with high Loan-to-Value ratios carry greater risk and, hence, if the mortgage is permitted, the cost of loan to the borrower is high.