Define"CLTV" in mortgage terms?

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Define"CLTV" in mortgage terms?

2006-11-16 05:58:48 · 3 answers · asked by RDS 1 in Business & Finance ➔ Renting & Real Estate

3 answers

combined loan to value. For example, if you own a house that is worth 100k and your loan is 80k, your LTV (loan to value) is 80%. Now let's say you get another loan for 10k, now your CLTV is 90%.

Regards

2006-11-16 21:41:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋

This is all prior liens that include a first & second mortgage and any other liens on the property. Value of debt yields a combined loan to value based on the appraised value of the collateral.

2006-11-16 06:03:32 · answer #2 · answered by boston857 5 · 0⤊ 0⤋

Combined Loan To Value

The combined amount of loans in regards to the value of a property

2006-11-16 06:02:01 · answer #3 · answered by so3503 2 · 0⤊ 0⤋