Your LTV ratio also affects down payment requirements. A higher LTV ratio poses a greater risk for the lender since they might not recover the property’s full value in case of foreclosure. As a result, borrowers with higher LTV ratios might need to make larger down payments. For example, a 90% LTV ratio may require a larger down payment than a 75% LTV ratio. The lender wants to ensure you have more equity in the property, reducing their risk. In contrast, a lower LTV ratio may not necessitate as large of a down payment. For example, with an 80% LTV ratio, you can put down as little as 10% of the purchase price and still qualify for the mortgage.

California Platinum Loans

  https://californiaplatinumloans.com