Loan-to-value ratio
Learn about the definition for this legal term.
What is Loan-to-value ratio?
The percentage of purchase price to be financed with a mortgage, with the rest of the purchase price being covered by the down payment.
Further Reading
For more detailed information, see our related Security Transactions And Mortgages terms:
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).