loans: How to Calculate Your Loan to Value Ratio
- 06/15/22 04:35 AM
You already know that lenders review your finances when you apply for a mortgage. That’s why you submit the loan application, providing a complete picture of your financial situation. This allows the lender to assess the risk of the loan, making sure that you can reliably make the monthly mortgage payments. It gets a little more complicated when you dig into all the things your lender has to review, many of them required based on the type of loan program you’re using to finance your home. One calculation that pops up in many loan programs’ requirements is a threshold for the loan-to-value (LTV) … (1 comments)
I specializes in First Time Homebuyers, 100%-No Money Down Loans, FHA, VA, Jumbo, USDA & move up buyers in Virginia & Maryland areas. Specialty loans to include 80/10/10, 80/15/5, construction to perm & No MI loans. Call for your mortgage needs 540-273-2733
You already know that lenders review your finances when you apply for a mortgage. That’s why you submit the loan application, providing a complete picture of your financial situation. This allows the lender to assess the risk of the loan, making sure that you can reliably make the monthly mortgage payments.
;)
;)
;)
