Loan-to-Value Ratio (LTV)
A loan-to-value ratio (LTV) compares how much you borrow with the value of the home you’re borrowing against. It’s calculated as the amount to be borrowed divided by the home’s value and is generally expressed as a percentage.
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†Clients must lock their rate to receive the discount. Rates advertised after inclusion of 2 discount points. A point is equal to one (1) percent of the loan amount. Offer valid on purchase and refinance conventional product only loans (30 year, 30 year High Balance, 15 year, and 15 year High Balance). Offer is non-transferable. Offer cannot be retroactively applied to previously closed loans or loans already in process. Offer not valid on jumbo, Portfolio, Schwab, Relocation, Rate Shield, Benefit Partners or government loans. Offer may not be redeemed if received through a broker or third party lead allocation network. Offer valid from Monday, July 6, at 9:00 a.m. ET and expires Tuesday, July 7, at 11:59 p.m. ET. Offer may not be redeemed for credit or equivalent. Quicken Loans reserves the right to cancel this offer at any time. Acceptance of this offer constitutes acceptance of these terms and conditions, which are subject to change at the sole direction of Quicken Loans. This is not a commitment to lend. Additional restrictions/conditions may apply.