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Mortgage Refinance LTV

Anthony Garcia
UpdatedSep 22, 2023
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    1 min read

Learn all about Loan-to-Value, also known as 'LTV.'

ethan ewing, president of, gives you free information on loan-to-value, also known as "ltv". visit for free mortgage quotes and more information. also, check out the new mortgage calculator or click here to see if you can save with a refinance loan.

video transcription;

"hi, i am ethan ewing, president of bills. com. today i want to talk to you about a mortgage term called loan to value or ltv, you will hear this from any mortgage lender, any mortgage broker, any bank when you are looking to refinance or buy a house. loan to value is quiet simply the amount of the loan compared to the value of that home. for example, if your home is worth $100000, and you have a loan amount of $80,000, your loan to value or ltv is 80%.

this is a very important piece of information for any mortgage underwriter, any bank, when they are considering a loan. right now in the current market, you need at least 10% equity, now your ltv cannot be any more than 90%, equity is the difference between your loan to value and the actual value of your home, to refinance and most lenders prefer 20% . home value struggled recently, so it is really something to consider as you go to refinance do you have enough equity will your ltv level off. hope that helps, see you next time."

Mortgage market: a pulse check

No surprise that mortgage rates fluctuate. If you are thinking about purchasing a home or maybe considering refinancing your current mortgage, then you want to be up to date on mortgage rates.

Mortgage rates September 13, 2023
According to Freddie Mac, the 30-year mortgage rate for the week of September 13, 2023 stands at 7.18%. This reflects a 6 basis points increase from the previous week's rate.
Note: A basis point is equal to one-hundredth of one percent (0.01%). In numerical terms, if the mortgage rate changes by 20 basis points, it means the rate has changed by 0.20%.
Additionally, Freddie Mac reports that the 15-year mortgage rate for September 13, 2023 is 6.51%, indicating a 1 basis points decrease from last week’s rates.

What does the mortgage rate mean for you?
Mortgage rates are one of the key factors that determine your monthly payment. Here are avergage interest rates (APR) for August 17, 2023 based on Zillow date for borrowers with a high credit score (680-740) in the United States:

  • 30-year conventional loan is 7.27%
  • 15-year conventional loan is 6.28%
    Using the rates mentioned above, the monthly payment for a $279,082 30-year-year mortgage would be $1,908. A 15-year mortgage would require a monthly payment of around $2,397.

Simplify your mortgage journey: Shop around and get pre-approved today!
To make the home-buying or refinancing process a breeze, we highly recommend shopping around for mortgages and getting pre-approved. So, why not Check Out mortgage rates now for the best options available.