/Tag: Loan to Value Ratio
7 08, 2017

What Does Loan-to-Value Ratio Mean on a Hard Money Loan?

By |2017-08-07T10:00:01+00:00August 7th, 2017|Categories: Hard Money|Tags: , |0 Comments

  If you're like most people who are buying a home as an investment property, you don't want to be tied up in a conventional mortgage loan. Typically, hard money loans are the ideal solution for borrowers who want to fix-and-flip properties. What is Loan-to-Value Ratio? The amount of money your hard money lender is able to let you borrow is determined by a mathematical formula. It involves the loan amount divided by the value of the property, which is called the loan-to-value ratio. Some hard money lenders are willing to lend between 65 and 75 percent of a property's