Real Estate Terms |
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| Loan To Value Ratio (LTV) | The loan balance on a house compared to the appraised value of a house. In making a mortgage loan, a lender uses the LTV to show that a house is worth more than the loan amount. This is important because, if the ho meowner does not make pay-ments on the mortgage loan, the bank gets the house in return, as payment. | |
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| Glossary V2.0 | ||
