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LTV; Loan To Value

French translation: ratio dette valuer ; rapport endettement valeur

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09:04 Nov 17, 2000
English to French translations [PRO]
Bus/Financial
English term or phrase: LTV; Loan To Value
Loan to Value is calculated as follows: The outstanding principal amount of the Mortgage Loan to the value of the Building.
Sylvie André
France
Local time: 15:22
French translation:ratio dette valuer ; rapport endettement valeur
Explanation:
DEFINITION LOAN TO VALUE :
(Illinois Realty Team : glossaire sur les emprunts / hypothèques...)
Loan to Value Considerations
What is the Loan to Value or LTV?
Loan to value, or LTV as it is commonly referred to, is the ratio of Loan Amount to the Value of a property. For example, a loan of $200,000 on a property valued at $400,000 is at an LTV of 50%. LTV considerations become important in several situations.

Purchase loans

When a property is purchased, the down payment is critical to the lending decision. When the down payment is less than 20%, i.e. the LTV is greater than 80%, a lender will generally require mortgage insurance. This requirement also means that the loan will usually require an additional level of approval, from a Private Mortgage Insurance Company. Mortgage insurance coverage, or PMI, is a premium or fee which is included in the monthly mortgage payment. It can range from .22% to almost 1% of the loan amount annually, with the exact coverage determined by the loan type, insurance company, and LTV. Mortgage insurance payments are not tax deductible.

An alternative to obtaining PMI is to structure the purchase transaction to include a first and second mortgage, thus bypassing the need to have the additional mortgage insurance premium.

Refinance

In a refinance transaction, the ratio of loan amount to appraised value is taken into account in a similar way. Especially when a borrower wants to obtain cash out in a transaction, the typical rule is a maximum of 75% of the appraised value for the total loan amount, including any cash out. There are lenders who will go beyond the 75% limitation, however the loan products and interest rates offered are generally not as competitive. Rate and term refinances, or borrowing the current loan amount plus applicable closing costs, can go up to 80% without requiring Mortgage Insurance. Again, at 80.01% or greater the new lender will demand mortgage insurance.

When combining a first and second mortgage in a refinance transaction, bear in mind that most lenders will require that the second loan be "seasoned" for a period of time, generally 12 months. If the second is not "seasoned" the lender will view the consolidation of the first and second mortgages as a cash out refinance loan, subject to the lower LTV guidelines.

Overall, the lower the ratio of the loan amount to the value appraised, the more favorably a lender views the risk of the loan. Loan to value considerations also will differ in owner occupant versus rental or non-owner situations.

TERME FRANCAIS :
Cherche sur GOOGLE.COM donne deux termes ci-dessus avec explication proche, bien que pas strictement limitée au domaine de votre contexte...

Nikki
Selected response from:

Nikki Scott-Despaigne
Local time: 15:22
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
naratio dette valuer ; rapport endettement valeur
Nikki Scott-Despaigne
naPrêt sur garantie
Germaine
naRatio d'endettementMarc Schumacher
naRapport prêt/garantieConnie Leipholz


  

Answers


31 mins
Rapport prêt/garantie


Explanation:
loan value CORRECT
rapport prêt/garantie CORRECT, MASC

DEF – Montant maximum pouvant être prêté contre une garantie précise. Par exemple, si ce rapport est de 50% et que la valeur du bien affecté en garantie est de 100$, le montant maximum du prêt pouvant être obtenu sera de 50$.

«Calcul du rapport prêt/garantie : le montant principal impayé du prêt hypothécaire est évalué (comptabilisé) en fonction de la valeur de l'immeuble»

outstanding :
Domaine(s)
– Finances
– Prêts et emprunts

unsettled CORRECT, ADJ
non réglé CORRECT
impayé CORRECT
à rembourser CORRECT
dû CORRECT
non recouvré Source
DEF – Unpaid (liabilities). Source
DEF – debt, amount, obligation. Source
DEF – Se dit d'une somme (compte client, effet à recevoir, etc.) non encore recouvrée, ou d'une dette (compte fournisseur, effet à payer, etc.) non acquittée.

J'espère que cela vous aidera.



    Reference: http://www.termium.com
Connie Leipholz
Canada
Local time: 09:22
PRO pts in pair: 644
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5 hrs
Ratio d'endettement


Explanation:
RE (Ratio d'endettement) is actually the professional term used by the French in Mortgage Banking.


    3 years experience in that field
Marc Schumacher
United States
Local time: 09:22
PRO pts in pair: 6
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1 day 15 mins
Prêt sur garantie


Explanation:
Si le texte d'adresse à des néophytes plutôt qu'à des experts, j'irais plutôt avec l'expression utilisée par l'agent des prêts de ma banque:

Le (montant du) prêt sur garantie est calculé comme suit: le solde en capital du prêt hypothécaire sur (divisé par) la valeur du bâtiment

Germaine
Canada
Local time: 09:22
Native speaker of: Native in FrenchFrench
PRO pts in pair: 3733
Login to enter a peer comment (or grade)

1 day 5 hrs
ratio dette valuer ; rapport endettement valeur


Explanation:
DEFINITION LOAN TO VALUE :
(Illinois Realty Team : glossaire sur les emprunts / hypothèques...)
Loan to Value Considerations
What is the Loan to Value or LTV?
Loan to value, or LTV as it is commonly referred to, is the ratio of Loan Amount to the Value of a property. For example, a loan of $200,000 on a property valued at $400,000 is at an LTV of 50%. LTV considerations become important in several situations.

Purchase loans

When a property is purchased, the down payment is critical to the lending decision. When the down payment is less than 20%, i.e. the LTV is greater than 80%, a lender will generally require mortgage insurance. This requirement also means that the loan will usually require an additional level of approval, from a Private Mortgage Insurance Company. Mortgage insurance coverage, or PMI, is a premium or fee which is included in the monthly mortgage payment. It can range from .22% to almost 1% of the loan amount annually, with the exact coverage determined by the loan type, insurance company, and LTV. Mortgage insurance payments are not tax deductible.

An alternative to obtaining PMI is to structure the purchase transaction to include a first and second mortgage, thus bypassing the need to have the additional mortgage insurance premium.

Refinance

In a refinance transaction, the ratio of loan amount to appraised value is taken into account in a similar way. Especially when a borrower wants to obtain cash out in a transaction, the typical rule is a maximum of 75% of the appraised value for the total loan amount, including any cash out. There are lenders who will go beyond the 75% limitation, however the loan products and interest rates offered are generally not as competitive. Rate and term refinances, or borrowing the current loan amount plus applicable closing costs, can go up to 80% without requiring Mortgage Insurance. Again, at 80.01% or greater the new lender will demand mortgage insurance.

When combining a first and second mortgage in a refinance transaction, bear in mind that most lenders will require that the second loan be "seasoned" for a period of time, generally 12 months. If the second is not "seasoned" the lender will view the consolidation of the first and second mortgages as a cash out refinance loan, subject to the lower LTV guidelines.

Overall, the lower the ratio of the loan amount to the value appraised, the more favorably a lender views the risk of the loan. Loan to value considerations also will differ in owner occupant versus rental or non-owner situations.

TERME FRANCAIS :
Cherche sur GOOGLE.COM donne deux termes ci-dessus avec explication proche, bien que pas strictement limitée au domaine de votre contexte...

Nikki



    Reference: http://illinoisrealtyteam.mp2.homes.com/content/articles/loa...
Nikki Scott-Despaigne
Local time: 15:22
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 882
Login to enter a peer comment (or grade)




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