The ratio of the loan principal amount borrowed to the appraised value selling price for example on a 100000 home with a mortgage loan principal of 80000 the loan to value ratio is 80 percent the ltv will affect programs available to the borrower generally the lower the ltv the more favorable the program terms offered by lenders. Long term loan long term mortgage loop loose credit loss given default loss payee loss severity lot and block recorded plat system lot split low documentation loan low rise ltc ltv luminous ceiling lump sum lump sum contract lump sum payment m a maggie mae mgic magic page magic wrap mai majority make whole provision malfeasance mall . Use this glossary of mortgage terms to better understand the overall mortgage process as well as any specific mortgage terms that may be unfamiliar to you a abstract of title skip to next word a written history of all the transactions related to the title for a specific tract of land. While many of us are aware of basic banking terms there is a plethora of confusing technical terminology associated with banking and finance this wealthhow article presents to you a glossary of banking terms and definitions that might help resolve your doubts
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