Finance
What does LTV stand for and what does it measure?
ALoan To Value — the ratio of the loan amount to the property's value✓ Correct
BLand Transfer Value — the cost of transferring property title
CLong Term Value — the property's future projected worth
DLender Transfer Verification — a lender's background check
Explanation
LTV (Loan-to-Value) is the ratio of the loan amount to the appraised value of the property. An 80% LTV means the buyer is borrowing 80% and putting 20% down.
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