What is the difference between Cltv and TLTV?

What is the difference between Cltv and TLTV? CLTV refers to Combined Loan to Value, and TLTV stands for Total Loan to Value. When lenders talk about CLTV, they are usually referencing the first and second mortgage loan amounts concerning the property’s value. Sometimes they might use TLTV in the case where there was a … Continue reading What is the difference between Cltv and TLTV?