# Loan-to-value ratio,LTV,LTVR

### Formula or Equation LTV loan-to-value ratio,LTV,LTVR MA mortgage amount,MA AVORP appraised value of real property,AVORP

### Formula or Equation Note

The loan-to-value (LTV) ratio is a financial term used by commercial lenders to express the ratio of a loan underwritten to a value of an asset purchased. The term is commonly used by banks and building societies to represent the ratio of the first mortgage lien as a percentage of the total appraised value of real property. For instance, if a borrower borrows \$130,000 to purchase a house worth \$150,000 at a relative valuation, the LTV ratio is \$130,000/\$150,000 or 87%.

### Calculator(how to use calculator?) Mortgage amount (MA)
Appraised value of real property (AVORP)
Loan-to-value ratio (LTV)
Precision

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