MortgagesLTV
Loan-to-Value Ratio (LTV)
An assessment of lending risk calculated by dividing the loan amount by the appraised property value or purchase price.
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Master essential home mortgage, auto financing, interest rate, and underwriting terminology with interactive calculators, mathematical formulas, and practical lending guidelines.
Terms Starting With "L"
Showing 4 definitionsPersonal Finance1031
1031 Like-Kind Tax-Deferred Exchange
An Internal Revenue Code Section 1031 provision allowing real estate investors to defer capital gains and depreciation recapture taxes by reinvesting sale proceeds into like-kind investment property.
Credit & UnderwritingLTC
Loan-to-Cost Ratio (LTC)
A commercial and construction lending metric that compares the total loan commitment to the total direct hard and soft costs of acquiring and building or renovating a project.
Auto Loans
Lease Residual Value
The leasing bank’s guaranteed wholesale value projection of a vehicle at the end of the lease term, expressed as a percentage of the original MSRP.