The ratio of the loan principal amount borrowed to the appraised value selling price for example on a 100000 home with a mortgage loan principal of 80000 the loan to value ratio is 80 percent the ltv will affect programs available to the borrower generally the lower the ltv the more favorable the program terms offered by lenders. Mortgage glossary mortgage terms definitions use bank of americas comprehensive mortgage terms glossary to get definitions of mortgage terms that may come up throughout the loan process mortgage glossary mortgage dictionary mortgage terms. Mortgage credit facility definition and types useful advise and an explanation of mortgage credits with a home equity loan the customer receives a specific amount of money along with a commitment to pay it back along with the associated interest usually through a series of periodic installments. Lending credit terms and definitions browse by subject jump to a long term loan long term mortgage loop loose credit loss given default loss payee loss severity lot and block recorded plat system mortgage banker mortgage banking mortgage bond mortgage broker mortgage broker business
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