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LSDefine

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.

loan participation | loan-receipt agreement

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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