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Updated almost 9 years ago,

User Stats

8
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0
Votes
Michael Aragones
  • Rental Property Investor
  • Saint Petersburg, FL
0
Votes |
8
Posts

Loan-to-Value vs Loan Purchase Amount

Michael Aragones
  • Rental Property Investor
  • Saint Petersburg, FL
Posted

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.

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