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Loan to Value (LTV)
A loan-to-value (LTV) ratio is the relative difference between the loan amount and the current market value of a property, which helps lenders assess risk before approving a loan secured on the property.
A loan-to-value (LTV) ratio is the relative difference between the loan amount and the current market value of a property, which helps lenders assess risk before approving a loan secured on the property.