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Combined Loan-to-Value Ratio (CLTV)

November 29, 2021

This is the ratio used for a mortgage loan that includes the balance of the first mortgage and any second or third mortgages compared to the value. For example, if your home is worth $500,000 and you have a $200,000 first mortgage and a $50,000-second mortgage, your CLTV would be 50%.

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