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Maximum LTV
Explanation:
LTV percentage (Loan-to-Value percentage) expresses the loan amount as a percentage of the total value. For example, if the value of a house is $100,000 and the loan amount is $80,000 then the LTV percentage is 80%.
The maximum LTV percentage indicates the largest loan you can take out relative to the value of the underlying asset (e.g. home, car, etc.). In other words, it tells you the minimum down payment you will be required to make. For example, if the maximum LTV is 80%, that means you need to place a down payment of at least 20%.