CLTV & TLTV

Q. What is the difference between CLTV & TLTV?

A.  CLTV refers to Combined Loan To Value and TLTV to Total Loan to Value.  As for the difference, there is none.  When people speak of the CLTV they are usually referencing the 1st and 2nd mortgage loan amounts in relation to the property’s value.  One might be more apt to use TLTV in the case where there was a 3rd lien on the property.

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