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Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... Is This Shared Appreciation Mortgage a Good Deal? Column Delivered October 22, 2001 ?The city of Burbank has a Mortgage Assistance Program that offers home buyers a 30-year second mortgage loan, with zero interest and no payments for the first 5 years. After 5 years, the second must ... more... |
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loan to value ratio related definitions |
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Loan To Value Ratio
Loan To Value Ratio Loan To Value, LTV. This is the size of the loan or mortgage as a percentage of the value of the property or price being paid for the property, eg a property valued at $120,000 with a mortgage of $108,000 would have an LTV of 90%. Loans with an LTV over ... more... Assessment Assessment A local tax levied against a property for a specific purpose, such as a sewer or street lights. Closing Costs Loan To Value Ratio Home Inspection ... more... |
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