Hold up…what is a loan-to-value ratio anyway??
It's just a fancy way of saying how much money you're borrowing compared to how much the house you're interested in buying is worth.
AND GUESS WHAT? You CAN improve your loan-to-value ratio!
When you decide to buy a home, you want everything to go as smoothly as possible, especially with your mortgage. A solid loan-to-value ratio can help you look like a more attractive borrower to lenders. Plus, this might even get you a better interest rate, more favorable loan terms or even a larger loan at a lower down payment. 🤩
Sound like a good plan? Here are 5️⃣ ways to improve your loan-to-value ratio and have a smooth road to homeownership.
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