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Exam term

Loan to value

The loan amount divided by the lender's value basis, times 100; abbreviated LTV. On a purchase the basis is generally the lower of price and appraised value.

Lessons that use this term

  • General financing concepts: interest, amortization, points, and loan-to-value California
  • Lender requirements: conventional, FHA, VA, and USDA loans, LTV, and mortgage insurance Texas
  • Loan math: interest, LTV, points, amortization, and PITI Texas

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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