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 Ratio. The ratio, expressed as a percentage, the numerator of which is the principal balance of a particular Mortgage Loan at origination and the denominator of which is the lesser of (x) the appraised value of the related Mortgaged Property determined in the appraisal used by the originator at the time of origination of such Mortgage Loan, and (y) if the Mortgage is originated in connection with a sale of the Mortgaged Property, the sale price for such Mortgaged Property.
Loan-to-Value Ratio. With respect to any Mortgage Loan, the ratio of the principal balance of such Mortgage Loan at origination, or such other date as is specified, to the Original Value thereof.
Examples of Loan-to-Value Ratio in a sentence
Loan to Value Ratio - the LTV varies from issuer to issuer and also within asset classes.
Loan to Value Ratio: Indicates how much % value of the asset is financed by borrower‘s own equity.
Loan to Value Ratio: Indicates how much % value of the asset is financed by borrowers own equity.
The above table is prepared after considering the risk mitigating measures such as Size of the loan, Average original maturity of the pool, Average seasoning of the pool, Loan to Value Ratio, Geographical Distribution and Structure of the pool, default rate distribution & credit enhancement facility.
Loan to Value Ratio: Indicates how much % value of the asset is financed by borrower’s own equity.
More Definitions of Loan-to-Value Ratio
Loan-to-Value Ratio or “LTV” means with respect to any Mortgage Loan, the ratio of the original outstanding principal amount of such 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 such Mortgage Loan, the purchase price of the Mortgaged Property.
Loan-to-Value Ratio. The original principal amount of a Mortgage Loan divided by the Original Value; provided, however, that references to "current Loan-to-Value Ratio" or "Loan-to-Value Ratio as of the Cut-Off Date" in Section 2.08 shall be deemed to mean the then current Principal Balance of a Mortgage Loan divided by the Original Value.
Loan-to-Value Ratio or "LTV": With respect to any Mortgage Loan, the original principal balance of such Mortgage Loan divided by the lesser of the Appraised Value of the related Mortgaged Property or the purchase price.
Loan-to-Value Ratio means the ratio, as of a particular date, in which the numerator is equal to the outstanding principal balance of the Loan and the denominator is equal to the appraised value of the Property as determined by Lender in its reasonable discretion.
Loan-to-Value Ratio. The original principal amount of a Loan divided by the Original Value; however, references to "current Loan-to-Value Ratio" shall mean the then current Principal Balance of a Loan divided by the Original Value.
Loan-to-Value Ratio. With respect to any Mortgage Loan, as of any date of determination, the ratio (expressed as a percentage) the numerator of which is the outstanding principal balance of the Mortgage Loan as of the related Cut-off Date (unless otherwise indicated), and the denominator of which is the lesser of (a) the Appraised Value of the Mortgaged Property at origination and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price of the Mortgaged Property. LTV: Loan-to-Value Ratio.
Loan-to-Value Ratio. With respect to any Mortgage Loan as of any date of determination, the ratio, expressed as a percentage, of the outstanding principal balance of the Mortgage Loan on such date, to the Appraised Value of the related Mortgaged Property. LPMI: Lender paid mortgage insurance. LTV: Loan-to-Value Ratio.