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Updated almost 9 years ago,
Loan-to-Value vs Loan Purchase Amount
So I recently posted looking for a lender willing to loan at 80-90 LPA not LTV. I thought to myself why is the default term for loan ratio, LTV , what if you have equity in the deal?
* LPA because buying the property with built in equity means your not loaning based on appraisal value but on purchase price.