In terms of refinancing, probably one of the most important factors you to borrowers need certainly to consider try the loan-to-value (LTV) ratio
In terms of refinancing, probably one of the most important factors you to borrowers need certainly to consider try the loan-to-value (LTV) ratio In other words, it measures the percentage of the property that is mortgaged. A higher LTV ratio indicates that the borrower has less equity in the property, which means that the risk of default is higher. Negative equity, in particular, can have a severe impact on refinancing options. Negative equity occurs when the outstanding mortgage balance exceeds the current market value of the property. This situation can arise due to a variety of factors, including a decline…