horseÂ·shoe. n. 1. A flat U-shaped metal plate fitted and nailed to the bottom of a horse's hoof for protection. 2. A U-shaped object similar to a horseshoe. 3. horseshoes (used with a sing. verb) A game in which players toss horseshoes or horseshoe-shaped metal pieces at a stake so as to encircle it or come closer to it than the other players.
What is the 'Loan-To-Value Ratio - LTV Ratio'. The loan-to-value ratio (LTV ratio) is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage.
Your down payment is the difference between the home value and the amount a lender is willing to finance, a percentage known as loan-to-value. For example, if the condo's appraised value is $200,000 and your lender can finance a maximum loan amount of $160,000, your down payment is $40,000.Forty thousand dollars equals 20 percent, therefore, your LTV is 80 percent.uyers who use the condo for investment purposes or as a secondary residence may require 10 percent to 25 percent down, depending on the loan type and whether it's a Fannie or Freddie program.