19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
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Simple English definitions for legal terms
loan ratio
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A quick definition of loan ratio:
A loan ratio, also known as a loan-to-value ratio, is a comparison between the amount of money borrowed for a mortgage and the value of the property being used as collateral. This ratio is usually expressed as a percentage and helps lenders determine the risk of lending money. For example, if someone borrows $80,000 for a property worth $100,000, the loan-to-value ratio would be 80%. Lenders typically prefer lower ratios, and anything above 80% may require the borrower to purchase mortgage insurance.
A more thorough explanation:
Definition: Loan ratio, also known as loan-to-value ratio (LTV ratio), is the percentage ratio between the amount of a mortgage loan and the value of the property used as collateral for the loan.
Example: If a person takes out a mortgage loan of $80,000 on a property worth $100,000, the loan-to-value ratio would be 80%. This means that the loan amount is 80% of the property's value. Lenders usually set a maximum LTV ratio that they are willing to lend without requiring the borrower to purchase mortgage insurance.
Explanation: The loan ratio or LTV ratio is an important factor that lenders consider when approving a mortgage loan. It helps them determine the risk associated with the loan and the amount of collateral they have in case the borrower defaults on the loan. A higher loan ratio means a higher risk for the lender, which is why they usually set a maximum LTV ratio. The example illustrates how the loan ratio is calculated and how it affects the borrower's ability to get a loan without additional costs.