Loan-To-Value (LTV) Explained | Homespire Mortgage #shorts
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Loan-To-Value (LTV) Explained | Homespire Mortgage #shorts
LTV ratio is the percentage of your loan amount compared to the appraised value of the asset you’re borrowing against. It’s a key metric used by lenders to assess risk and determine loan eligibility. Understanding LTV ratio empowers you to make sound financial choices. If you’re in the market to buy, give your Homespire Loan Officer a ...
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