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2. Loan-to-value ratio - Wikipedia

   en.wikipedia.org/wiki/Loan-to-value_ratio

   In real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property. For instance, if someone borrows $130,000 to purchase a house worth $150,000, the LTV ratio is $130,000 to 150,000 or ⁠ $130,000 / $150,000 ⁠, or 87%.

3. Here’s how the Secured Overnight Financing Rate works ... - AOL

   www.aol.com/finance/secured-overnight-financing...

   A range of factors affect the interest rate you get for a mortgage: the size of your down payment, the loan-to-value ratio, the choice of lender, your credit score, and more.

4. What is a loan-to-value ratio? - AOL

   www.aol.com/finance/loan-value-ratio-184253472.html

   Between the mortgage LTV and DTI ratios, if the lender deems you a greater risk, you’ll likely pay a higher interest rate, which translates to paying more money over the life of the loan ...

5. Mortgage lenders vs. banks: Which is best for you? - AOL

   www.aol.com/finance/mortgage-lenders-vs-banks...

   Credit unions – Credit unions function much like banks in that they serve as a waystation between those saving funds and those who need to borrow. Unlike banks, however, credit unions are run on ...

6. Debt service coverage ratio - Wikipedia

   en.wikipedia.org/wiki/Debt_service_coverage_ratio

   The debt service coverage ratio is also typically used to evaluate the quality of a portfolio of mortgages. For example, on June 19, 2008, a popular US rating agency, Standard & Poors, reported that it lowered its credit rating on several classes of pooled commercial mortgage pass-through certificates originally issued by Bank of America.

7. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage).

8. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   Loan-to-value ratio below 85%. ... 🏠 Home equity line of credit ... and you typically pay $700 a month to your mortgage, $500 a month to credit cards and $250 a month to a personal loan — a ...

9. Line of credit - Wikipedia

   en.wikipedia.org/wiki/Line_of_credit

   A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time.