LTV ratio

Effectively managing your loan-to-value (LTV) ratio is crucial for homeowners who manage their mortgages successfully. A higher LTV ratio can increase interest rates and make qualifying for a mortgage difficult. Luckily, borrowers can use strategies to decrease their LTV ratio, such as making extra mortgage payments, increasing their down payment, or opting for a smaller mortgage loan. These strategies highlight the advantages of lowering your LTV ratio.