A loan-to-value ratio (LTV) is the ratio of how much you owe on your mortgage versus what your house is worth. A combined loan-to-value ratio (CLTV) includes all of the loans you have on your ...
Mortgage underwriting is often an automated process — software decides whether you are approved, rejected or asked for additional information. Credit score is the most important factor in determining ...
Mortgages are examples of secured loans since the house you're paying off can be repossessed if you fail to keep up with payments. Auto loans are also considered secured loans, as cars are ...