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Why choose Better Mortgage? Personalized rate quotes in under 5 seconds, pre-approval in under 3 minutes, 100% online application process, and more. Learn more.
Why choose Better Mortgage? Personalized rate quotes in under 5 seconds, pre-approval in under 3 minutes, 100% online application process, and more. Learn more.
A loan-to-value (LTV) ratio is an equation that lenders use to assess the amount of risk associated with a home loan. LTV is calculated by dividing the total home loan amount by the appraised market value of the home. Typically, if the LTV ratio is higher than 0.8, lenders require private mortgage insurance (PMI) to offset the higher risk of default. Read more
A loan-to-value (LTV) ratio is an equation that lenders use to assess the amount of risk associated with a home loan. LTV is calculated by dividing the total home loan amount by the appraised market value of the home. Typically, if the LTV ratio is higher than 0.8, lenders require private mortgage insurance (PMI) to offset the higher risk of default. Read more