Current Loan-to-Value Ratio definition

Current Loan-to-Value Ratio. The Principal Balance of a Mortgage Loan as of the applicable date of substitution divided by the Appraised Value.
Sample 1Sample 2Sample 3
Current Loan-to-Value Ratio means the then current Principal Balance of a Loan divided by the Original Value.
Sample 1Sample 2Sample 3
Current Loan-to-Value Ratio means the then current Principal Balance of a Loan divided by the Original Value. M&T: M&T Mortgage Corporation, a New York banking corporation, or any successor thereto.
Sample 1Sample 2Sample 3

Examples of Current Loan-to-Value Ratio in a sentence

  • Mortgage InsuranceApproximately 15.06% of the First Lien Mortgage Loans with over an 80% Current Loan-to-Value Ratio (“Current Combined LTV”) will be covered by borrower paid primary mortgage insurance policies.

  • Mortgage Insurance Approximately 33.27% of the First Lien Mortgage Loans with over an 80% Current Loan-to-Value Ratio (“Current Combined LTV”) will be covered by lender paid primary mortgage insurance policies.

  • These loans generally fall outside one or more parameters of their guidelines due to a variety of factors which include debt-to-income ratios, consumer credit matters, loan-to-value ratios, delinquency history, document deficiencies and loan amount exceptions.Mortgage InsuranceApproximately 19.71% of the First Lien Mortgage Loans with over an 80% Current Loan-to-Value Ratio (“Current Combined LTV”) will be covered by a borrower paid primary mortgage insurance policy.

  • Mortgage InsuranceApproximately 14.93% of the First Lien Mortgage Loans with over an 80% Current Loan-to-Value Ratio (“Current Combined LTV”) will be covered by borrower paid primary mortgage insurance policies.


More Definitions of Current Loan-to-Value Ratio

Current Loan-to-Value Ratio. (LTV-C) means the sum of all loans or loan tranches secured by the borrower on a property at the reporting date relative to the current value of the property;
Sample 1Sample 2Sample 3
Current Loan-to-Value Ratio. As used in Section 2.4(b), the Principal Balance of a Mortgage Loan as of the applicable date of substitution divided by the Appraised Value; and as used in Section 3.1, the Cut-Off Date Principal Balance of a Mortgage Loan divided by the Appraised Value.
Sample 1Sample 2Sample 3
Current Loan-to-Value Ratio. As of any date of determination with respect to a Mortgage Loan, a fraction, expressed as a percentage, the numerator of which is the Outstanding Principal Balance of such Mortgage Loan, and the denominator of which is the Value for the related Mortgaged Property.
Sample 1Sample 2
Current Loan-to-Value Ratio is the loan-to-value ratio based upon the issue date principal balance of each Mortgage and the original appraised value of the property securing each such Mortgage. [DATE] 200_ Schedule A 200_ Schedule B Lender Loan Numbers
Sample 1
Current Loan-to-Value Ratio means the Book Value divided by (a) if --------------------------- no appraisal has been performed on the Mortgage Property subsequent to the appraisal made in connection with the origination of the Mortgage Loan, the lesser of (i) the original appraised value, or (ii) the price at which the Mortgaged Property was purchased by Mortgagor or (b) the most recent appraised value of the Mortgaged Property based upon any appraisal subsequent to the origination of the Mortgage Loan which is contained in the Credit File.
Sample 1
Current Loan-to-Value Ratio means the then current Principal Balance of a Mortgage Loan divided by the Original Value. Master Servicer: The Company, or any successor thereto appointed as provided pursuant to Section 7.02, acting to service and administer the Mortgage Loans pursuant to Section 3.01.
Sample 1

Related to Current Loan-to-Value Ratio

  • Loan-to-Value Ratio With respect to any Mortgage Loan and as to any date of determination, the fraction (expressed as a percentage) the numerator of which is the principal balance of the related Mortgage Loan at such date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Loan to Value means the Net Interest Bearing Debt to the Value of the Properties in accordance with the most recent Valuation.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Interest Coverage Ratio means, as of any date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the Test Period as of such date.

  • Interest Cover Ratio means, on each Measurement Date, the ratio of (a) EBITDA to (b) Net Interest Charged in respect of the Measurement Period ending on that Measurement Date;

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to (b) Consolidated Interest Expense for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Liquidity Ratio means the ratio of Liquidity to all Indebtedness to Bank.

  • LTV Ratio With respect to any Mortgage Loan, as of any date of determination, a fraction, expressed as a percentage, the numerator of which is the scheduled principal balance of such Mortgage Loan, as of such date (assuming no defaults or prepayments on such Mortgage Loan prior to that date), and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • LTV means with respect to any Mortgage Loan, the ratio of the original outstanding principal amount of the Mortgage Loan to the lesser of (a) the Appraised Value of the Mortgaged Property at origination or (b) if the Mortgaged Property was purchased within 12 months of the origination of the Mortgage Loan, the purchase price of the Mortgaged Property.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each day in such period (as calculated by Agent as of the end of each respective day) divided by the number of days in such period.

  • Class C Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes and the Class C Notes. For the purposes of calculating the Class C Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.