Sentences with phrase «purchase price of a property divided»

Not exact matches

Put simply, the loan - to - value ratio, or «LTV ratio» as it's more commonly known in the industry, is the mortgage loan amount divided by the lower of the purchase price or appraised value of the property.

This is a percentage that is calculated by dividing the amount of your home loan by the purchase price (or appraised value) of the property you want to buy.

This is calculated by dividing the amount of your home loan by the purchase price (or appraised value) of the property.

Your LVR is calculated by dividing the amount of your home loan by the purchase price (or appraised value) of the property.

Generally speaking, if you were to buy a multifamily residential property and divide the purchase price by the number of units (to get the price per unit / home), the amount would likely be much cheaper than purchasing a condominium or single family home with similar attributes.

The aggregate principal balance (s) of all mortgages on a property divided by its appraised value or purchase price, whichever is less.