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Simple English definitions for legal terms

loan-to-value ratio

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A quick definition of loan-to-value ratio:

Loan-to-value ratio: This is a number that shows how much money you borrowed for a mortgage compared to how much your property is worth. For example, if you borrowed $80,000 for a property that is worth $100,000, your loan-to-value ratio is 80%. This number is important because it helps lenders decide how much risk they are taking by lending you money. If your loan-to-value ratio is too high, you may have to buy mortgage insurance.

A more thorough explanation:

The loan-to-value ratio is a percentage that represents the amount of a mortgage loan compared to the value of the property used as collateral for the loan.

For example, if a person takes out an $80,000 mortgage loan on a property that is worth $100,000, the loan-to-value ratio would be 80%. This is typically the highest ratio that lenders will allow without requiring the borrower to purchase mortgage insurance.

The loan-to-value ratio is important because it helps lenders determine the level of risk associated with a mortgage loan. A higher ratio means that the borrower has less equity in the property and is therefore more likely to default on the loan.

Another example of a loan-to-value ratio would be if a person took out a $200,000 mortgage loan on a property that is worth $250,000. In this case, the loan-to-value ratio would be 80% as well.

Overall, the loan-to-value ratio is an important factor to consider when applying for a mortgage loan, as it can affect the interest rate, loan terms, and overall affordability of the loan.

loan society | loan value

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18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
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