The Loan-to-Value Ratio (LTV) is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. It is critical in determining the risk of a loan, especially in mortgage lending.
Thrift institutions, also known as savings banks and savings and loan associations, are financial institutions that primarily focus on accepting deposits and originating home mortgages. They play a critical role in providing financial services to individuals and communities.
