The decision to buy a home can be a tough one. In fact, it's one of the biggest decisions you'll ever make in your life.
Lenders look into a variety of different ratios when determining if you qualify for a home loan. Two of the most common ratios are the loan-to-value (LTV) ratio and the debt-to-income (DTI) ratio.
What is LTV?
LTV expresses the amount of money that you’ll borrow as a percentage of the home’s...