Meaning of the word: LTV
LTV or Loan To Value is a financial term, which express the ratio between loan and value of an asset purchased. This term is usually used by banks, which offer mortgage loans. This indicates percentage of the total appraised value of real property. It is possible to borrow up to 80% of the value of the property.
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Interest period
Interest period indicates the time interval in which are attributed to interest on the capital. It can be annual, monthly, but also weekly. The…
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