Real Estate Glossary

The following are some common real estate terms you may run across during the process of buying or selling your home.

Loan To Value Ratio (LTV)

The loan balance on a house compared to the appraised value of a house. In making a mortgage loan, a lender uses the LTV to show that a house is worth more than the loan amount. This is important because, if the ho meowner does not make pay-ments on the mortgage loan, the bank gets the house in return, as payment.

« Back