Definitions for "Loan to value"
The loan required expressed as a percentage of the purchase price.
The Loan to Value is the percentage of what is owed against the property vs. what the properties fair market value is.
The relationship between the requested mortgage amount and the appraised value, or, sales price (whichever is lower) of the property. For example, a home valued and priced at $100,000 on which there is an $80,000 mortgage has an LTV of 80 percent.
Keywords:  glossary, mortgage
Mortgage Glossary