What is Loan to Value or LTV? You might be wondering what LTV has to do with a home purchase or getting a mortgage. Find out what LTV is and what the max LTV is for FHA, VA, Conventional home loans. There is another term related to LTV called CLTV or Combined Loan to Value which you might have heard about too. That’s explained further in this video.
Is LTV the same as equity? Nope…Scott covers that too.
And what happens if the appraisal is lower than the purchase price of the home? How does that impact the LTV and the mortgage? Yep…that’s included in the video too.
FHA vs Conventional 2020: https://www.youtube.com/watch?v=5BIIaQlOsis
How to Find Down Payment Assistance Programs: https://www.youtube.com/watch?v=ksQJO9BAdAM
Can You Buy a Home with 3% Down: https://www.youtube.com/watch?v=7_qiPIPrNdM