should i take out a home equity line of credit Borrowing From home equity: 5 questions To Ask – Bankrate – Lines of credit typically have variable rates that start low but can climb over time. Home equity loans typically have fixed rates and five-year to 15-year payback periods, while cash-out refinances can have variable, fixed or hybrid rates (fixed followed by variable) and typically terms of 15 or 30 years.

Buying or refinancing a car? Know your LTV ratio!! Does anyone know what a Loan to Value is on a car loan. – I work for a finance company. For car loans our loan to value is 80%. That means the amount of money we will loan you for a vehicle is 80% of the bluebook value. For example: You found a car to buy that has a bluebook value of 15,000.00. 80% of that is $12,000.00. Our loan to you would be $12,000.00.

Loan to Value (LTV) Calculator – L&C Mortgages – The loan to value (LTV) is essentially the size of mortgage a lender is prepared to offer you in relation to the value of the property you are buying or remortgaging. It is expressed as a percentage. So, for example, if a lender offers a mortgage deal which has a maximum 80% LTV, that means they will lend you up to 80% of the property value.

Loan-To-Value Ratios Needed For a Mortgage Loan. If you’re getting a new mortgage there is a maximum LTV ratio that varies depending on the type of mortgage loan you’re applying for. FHA loans for instance have a maximum loan to value ratio of 96.5%, meaning you’ll need at least a 3.5% down payment. Maximum Loan-to-Value Ratio for each.

What is LTV? – Mortgages – Guides | moneyfacts.co.uk – It could be difficult, if not impossible, to find a new mortgage lender that would offer a loan for 100% loan-to-value (or higher). This means they could end up stuck on an expensive variable rate, with no security against further interest rate rises, paying through the nose for the mortgage.

What Is Loan-to-Value on a Mortgage? – Budgeting Money – What It Is. The loan-to-value is a ratio of the amount of your mortgage loan to the assessed value of the home. For example, if the home is worth $200,000 and you have a $40,000 down payment, you only need a $160,000 loan, which equals a 80 percent LTV.

Loan United – LoanUnited.com (Official Site) – Home Loans. – At Loan United, we specialize in FHA Home Loans, VA Home Loans for Veterans and conventional home loans. purchase a Home or Refinance your Mortgage. Reduce your interest rate, Consolidate Debt or Get cash out.