Loan to value ratio refinance – So if your home is worth 100 000 and your current home loan is 80 000 the ltv is 80 000 divided by 100 000 which is 80. The most common high loan to value refinance program is the harp refinance program.
You may be able to refinance with a higher ratio though.
Loan to value ratio refinance – If you think it is easier to calculate equity you can also use this to determine your ltv. When deciding if you qualify for a mortgage refinance the loan to value ratio ltv is an important metric used by lenders to determine your eligibility. Your ltv will not only help determine whether or not you qualify it can also help a lender suggest terms apr and other choices for you to consider for your refinance loan. Loan to value ratio refinance
This means you have at least 20 equity in your home. If you have a fha loan and have a high loan to value ratio you may be eligible for a fha streamline loan. This 80 threshold is a common requirement for lenders to green light a refinance with the best terms and for pulling out cash. Loan to value ratio refinance
Although this is not ideal you may still be able to refinance. Special refinancing programs exist for borrowers with a loan to value ratio over 100 percent. The rule of thumb is that your ltv ratio should be 80 or lower to refinance. Loan to value ratio refinance