One E. Broward Blvd. Suite 1503 Ft. Lauderdale, FL 33301
110 E Atlantic Avenue Delray Beach, FL  33444
MAX LTV (Loan To Value)

Loan-to-Value Ratio, or LTV as it is commonly referred to, is the ratio of
loan amount to the appraised value (or the sales price, whichever is less) of
a property. For example, a loan of $100,000 on a property valued at
$200,000 is at an LTV of 50%. The higher the LTV, the more stringent the
lenders become on credit and debt ratio. The A borrower can get 100% LTV
loan and in some cases more. For the D borrower maximum loan-to-value
ratio averages 65-75%.
Payment of mortgage loan, or part of it, before due date. Mortgage
agreements often restrict the right of prepayment either by limiting the
amount that can be prepaid in any one year or charging a penalty for
prepayment. Lenders who impose prepayment penalties will charge
borrowers a fee if they wish to repay part or all of their loan in advance of
the regular schedule.
Banks normally impose these penalties to cover the cost of financing or to
ensure they have met a reasonable income for their services.
Most pre-payment penalties do not exceed 3 years.
Hard vs. Soft Pre-Pays
A hard pre-pay is defined as a determined period
that the borrower cannot refinance or sell the
property without penalties.
A soft pre-pay is defined as a determined period
where the borrower can sell but not refinance.