Loan-to-value, or LTV, is one of the most important numbers in any mortgage. Here is what it means for a private mortgage.
What is loan-to-value?
LTV is the loan amount as a percentage of the property’s value. For example, a $300,000 loan on a $500,000 property is a 60% LTV.
Why it matters
LTV reflects how much equity supports the loan. Lower LTVs generally mean lower risk, which can influence the terms available to you.
How it shapes your options
The amount you can borrow privately depends in part on your property’s value and any existing mortgages. We will walk you through the numbers for your situation.
Ready to talk?
If this fits your situation, start your application or contact us and we will help you understand your options across Ontario.
This article is for general information only and is not financial, legal, or investment advice. Please consult a qualified, licensed professional before making any decision.