Your loan-to-value (LTV) ratio is one of the factors considered by your lender before providing you with a mortgage loan in East Stroudsburg. It is an indicator of the equity in the property. When LTV ratio is high, it reflects lower equity and hence poses a greater risk to the lender. When the ratio between the loan amount and the market value of the property is 80% or more, it requires paying private mortgage insurance, which can be avoided by making a larger down payment. Lenders of high LTV mortgages can often ask for a second appraisal. In case there is a decrease in the appraised value, it is advisable to go to another lender. Besides, high LTV loans carry a higher mortgage rate and are not easy to qualify for.
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