High LTV Mortgage

High loan to value is a mortgage 90% to 100% of your home value

Getting a mortgage for a high loan to value(LTV) can be difficult. Our directory features several lenders that provide higher loan to value limits than most others in market place. The main difference in the higher levels is really the risk to the investor.

If for what ever reason a property goes into default(foreclosure), then the investor has risk that he/she will loose money on investment. For example: If your home is worth say $100,000 and you current mortgage is for $90,000, or 90%. Then in a foreclosure sale of the home, it might only sell for $75,000. So the investor would loose 15k plus expenses. To compensate for this risk, the interest rate on a higher loan to value(LTV) is going to be increased. Usually between .75% and 3% up to 100% of the value of your home. There are always what are called compensating factors for any mortgage. If your not taking any cash out, or it is saving you tremendous amount of money per month. Sometimes if you only qualify for say 90%, the underwriter may approve your loan on the high side of 95%, its up to the underwriters discretion. Talk to an expert listed on our site to find out about new programs that will still get to the level you need, but offer really competitive rates to keep your payment as low as possible.



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