48 Meriden Rd, Suite 1, Middlefield, CT 06455

Combined loan-to-value (CLTV)

A ratio that is calculated when financing a home with a first mortgage and a home equity line of credit. For example, if your first mortgage is 70% of your home’s value and your home equity line of credit is 10% of your home’s value, your CLTV ratio is 80%.