# calculate loan to value for home equity loan

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Loan to Value Ratio Definition. The Loan to Value Ratio Calculator is a financial calculator that will instantly calculate the loan to value (LTV) ratio of any property if you enter in the mortgage amount and the property value. The loan to value calculation is an important financial calculation that is done by homeowners and lenders to determine if the homeowners has enough equity in their.

Calculate the equity available in your home using this loan-to-value ratio calculator. You can compute LTV for first and second mortgages.

Estimate home equity loan payments with our calculator.

Loan amounts are typically limited by your loan-to-value. access your home equity and achieve your goals – whatever they are. Disclosure: Axel Springer is Business Insider’s parent company.

To qualify for a home equity loan with the best rates you’ll need a relatively high credit score, a loan-to-value ratio of less than 80 percent and a debt-to-income ratio below 43 percent.

Some lenders calculate the loan-to-value ratio based on the agreed purchase price instead of the appraised value. For example, if you agree to purchase a property for \$100,000, a lender might offer you a 70% LTV ratio, meaning the loan size would be \$70,000.

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For Texas primary residences, we will lend up to 80% of the total equity in your home and your line of credit amount cannot exceed 80% of the home’s value. For line amounts greater than \$500,000, maximum combined loan-to-value ratios are lower and certain restrictions apply.

If your home is worth \$200,000 and your first mortgage has a balance of \$110,000 then the amount due on that mortgage is 55% of the home’s value. This would mean that if a lender has a max LTV of 80% a borrower could borrow up to an additional 25% of the value of the home (\$50,000) via either a home equity loan or a home equity line of credit.

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About this calculator. Discover Home Equity Loans offers loan amounts between \$35,000-\$150,000. Your maximum loan amount is based on 80-95% of your estimated home value (depending on your circumstances) minus your mortgage balance. This is not an offer to extend credit or lock in a specific rate or otherwise enter into an agreement.

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