I inaquandert Registered User Messages 51 9 May 2016 #1 Could some one work out my LTV. And show me how to do it. House might sell for 155 or 160. And I owe 100000. I bought for 188000
Could some one work out my LTV. And show me how to do it. House might sell for 155 or 160. And I owe 100000. I bought for 188000
P Protocol Registered User Messages 4,303 9 May 2016 #2 Your current mortgage balance is 100k. Your house is worth 160k. We divide 100 / 160 and we get 5/8 which is 62.5%. That would be defined as the loan to current value, not the LTV at origination of the mortgage.
Your current mortgage balance is 100k. Your house is worth 160k. We divide 100 / 160 and we get 5/8 which is 62.5%. That would be defined as the loan to current value, not the LTV at origination of the mortgage.
I inaquandert Registered User Messages 51 9 May 2016 #3 Thanks. Which is the LTV. Used if you were switching mortgage