CLTV Ratio. A ratio that indicates the risk of a homeowner going into default if a home purchase is funded by multiple mortgages. It is calculated by dividing the total value of the combined mortgages by the value of the property. High values (75-85%) are usually required by creditors before they extend a second mortgage or refinancing option to a homeowner, although lower values indicate that there is less risk of default (the loan value is a smaller percentage of the overall home value).
Related information about combined loan to value ratio:
- Loan-to-value ratio - Wikipedia, the free encyclopedia
[edit] Combined Loan To Value: (CLTV) ratio. Combined Loan To Value (ratio) ( CLTV) is the proportion of loans (secured by a property) in relation to its value.
- Combined Loan To Value Ratio (CLTV Ratio) Definition | Investopedia
A ratio used by lenders to determine the risk of default by prospective homebuyers when more than one loan is used. In general, lenders are willing to lend at ...
- Combined Loan To Value Ratio - CLTV Ratio: Definition from ...
Combined Loan-To-Value Ratio (CLTV) Sum of the face value of all mortgages on a property divided by the market value of that property.
- What is combined loan to value ratio? definition and meaning
Definition of combined loan to value ratio: CLTV Ratio. A ratio that indicates the risk of a homeowner going into default if a home purchase is funded by multiple ...
- Understanding Loan to Value Ratio (LTV Ratio)
The lenders will evaluate the combined additional loans on the property. The calculation for LTV will be considered as a combined loan to value ratio (CLTV).
- CLTV Mortgage, Combined Loan-to-Value Ratio Mortgage
CLTV is short for combined loan to value ratio. This ratio implies a first and second mortgage over the property value.
- What Is the Combined Loan to Value Ratio? | Home Guides | SF Gate
Loan to value is a critical concept in mortgage loans. Whenever possible, homeowners want to keep their loan to value ratio at 80 or less percent. When a ...
- Loan to Value Ratio | Mortgage LTV | The Truth About Mortgage.com
Oct 12, 2009 ... Looking at the above example again, if you were to add a second mortgage of say $50,000, the combined loan-to-value ratio, or CLTV, would ...