LTV: Why is it Important - HELOCs Explained
Loan-to-value (LTV) is the percentage of a home's value that is financed by a mortgage, including a home equity line of credit (HELOC). The LTV (Loan to Value) ratio is a critical factor for lenders when considering an application for a HELOC.
HELOCs Explained – What is a HELOC
Owning a home is a significant accomplishment, and over time, it builds equity – the difference between your home's market value and what you still owe on your mortgage. This equity represents a valuable resource, and a Home Equity Line of Credit (HELOC) can help you tap into it.