That's how many months of rent it takes to recoup the purchase price of a house in this town. (biggerpockets.com)
The loan - to - value is calculated by dividing the purchase price of the house by the total loan amount. (totalmortgage.com)
To get a more accurate estimate of the market value find out the sale price of houses in the neighborhood in which you plan to buy that sold within the last year or so. (mortgage-x.com)