But, my city assessment has also dropped about 10 - 12 % in the last couple of years, so I can see why they don't use new appraised value to determine a new LTV. (fhaloanpros.com)
You only owe $ 216,000 now and the difference between that amount and your home's new appraised value is your home equity amount: $ 234,000. (smartasset.com)
For streamlines with an appraisal, the CLTV calculation is based on the new appraised value. (kentuckyfhaloan.wordpress.com)