How to Calculate Loan to Value Ratio Northampton MA

The loan-to-value (LTV) ratio is simply the percentage you get if you divide the loan amount by the home’s appraised value. It is important to know the LTV ratio before applying for a mortgage, in order to avoid private mortgage insurance (PMI), which results when LTV is more that 80%. See below for local businesses in Northampton that can help you with LTV ratios, PMI, home equity, down payments, and other home mortgage services.