What is a loan-to-value ratio in an auto loan?
The loan-to-value ratio is the amount of your loan divided by the vehicle’s actual cash value. Lenders use this formula when deciding whether to lend you money for a car or vehicle. When shopping for a car or vehicle, the ...
What is a loan-to-value ratio and how does it relate to my costs?
The loan-to-value (LTV) ratio is a measure comparing the amount of your mortgage with the appraised value of the property. The higher your down payment, the lower your LTV ratio. None Mortgage lenders may use the LTV in deciding whether ...