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Ltv

• Is the Loan-to-Value statistic. It is the percentage that a creditor is prepared to lend against an asset such as real estate. For example, an LTV of 70 (percent) would mean that $70,000 could be borrowed against $100,000 of acceptable collateral.

 
 Embedded terms in definition
 Asset
Collateral
Creditor
Lend
Mean
Real estate

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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