Ontario Real Estate Licensing Exam Practice · Question
What does LTV stand for in the context of mortgage financing?
LTV refers to Loan To Value, which is a key metric lenders use to assess the risk of a mortgage. It is calculated by dividing the mortgage amount by the apprais
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Question: What does LTV stand for in the context of mortgage financing?
Answer options: ✅ Loan To Value
- Lengthy Term Venture
- Limited Title Verification
- Lender's Total Volume
Correct answer: Loan To Value
Explanation: LTV refers to Loan To Value, which is a key metric lenders use to assess the risk of a mortgage. It is calculated by dividing the mortgage amount by the appraised value of the property.
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