Mortgage LTV

Anybody know of a lender that will loan based on LTV instead of the purchase contract price?

Comments(3)

  • JaneSherman2nd January, 2007

    Only a hard money lender.

  • lassitermarketing11th February, 2007

    Construction loans will do this, too.

  • NewKidInTown311th February, 2007

    Quote:
    On 2006-12-19 18:48, ibuyhouses20 wrote:
    Anybody know of a lender that will loan based on LTV instead of the purchase contract price?


    I know I am nitpicking, but loans are not based on LTV. LTV stands for Loan To Value. LTV is the requested loan amount divided by the property value. For institutional lenders, property value is the lesser of appraised value or contract price.

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