So, if you borrowed $270,000 on a $300,000 home -- in other words, your down payment came to 10% -- your LTV ratio (that is, the loan amount, $270,000, divided by the price of the house, $300,000) would be 90%.o, if you borrowed $270,000 on a $300,000 home -- in other words, your down payment came to 10% -- your LTV ratio (that is, the loan amount, $270,000, divided by the price of the house, $300,000) would be 90%.
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That is true - you cannot tile over plaster, if that's your plan. You would have to remove the plaster and replace it not with drywall - run from a contractor who says that! - but with cement board. The problem otherwise is that grout is porous and any slight crack will cause moisture - and mold - on any other surface.