LTV (Loan-to-Value Ratio)
Loan-to-Value is the loan amount divided by the home's appraised value, expressed as a percent. An 80% LTV means you borrowed 80% and put 20% down. LTV determines whether you pay PMI (anything above 80% on conventional) and affects your interest rate (lower LTV = lower rate). Refinancing options open up once LTV drops below 80% through equity gains or prepayment.
한국어
LTV(대출/가치 비율)는 대출액을 감정가로 나눈 비율입니다. 80% LTV = 20% 다운페이. 80% 초과 시 PMI 부과되고, 낮을수록 금리도 낮아져요.
日本語
LTV（ローン・バリュー比）は、ローン額を鑑定価格で割ったパーセント。80% LTV = 頭金20%。80%超でPMIが課され、低いほど金利が有利。
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