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 PrimeLending loan officer will be able to help you find a loan program that best fits your financial goals and needs. To find your LTV, simply divide your current loan amount by the total value of your home. For example, if your home is worth $220,000 and you owe $160,000, your LTV is 73%. PITI is principal, interest, taxes and insurance â the basic components of a monthly mortgage payment if escrows are being included.