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    mple, if you were buying a home selling for $100,000 that is also worth $10
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    If you are about to get your first mortgage, you should not enter the market blindly. Here are 4 key mortgage terms to help you get started:

    1. LTV

    Your Loan-to-Value (LTV) ratio is the amount you are borrowing divided by the lesser of the appraised value or purchase price. For example, if you were buying a home selling for $100,000 that is also worth $100

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    t blindly. Here are 4 key mortgage terms to help you get started:

    1. LTV

    Your Loan-to-Value (LTV) ratio is the amount you are borrowing divided by the lesser of the appraised value or purchase price. For example, if you were buying a home selling for $100,000 that is also worth $10

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    1. LTV

    Your Loan-to-Value (LTV) ratio is the amount you are borrowing divided by the lesser of the appraised value or purchase price. For example, if you were buying a home selling for $100,000 that is also worth $10

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    ing divided by the lesser of the appraised value or purchase price. For example, if you were buying a home selling for $100,000 that is also worth $10
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    mple, if you were buying a home selling for $100,000 that is also worth $100,000, and you are borrowing $80,000, then your LTV is 80%. Qualifying for high LTV loans is harder to do, and they usually feature higher interest rates and penalties to compensate lenders for their enhanced risk.

    2. DTI

    Your Debt-to-Income (DTI) ratio is tabulated by dividing your

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