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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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Loan-To-Value Ratio LTV

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This takes the loan amount and divides it by either the appraisal value or the sale price to give the amount of the loan to the value of the property. This is simply another measure of how much equity there is in the property.

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