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How to Calculate Loan-to-Value (LTV) When Refinancing Your Property

If you’re a homeowner in Toronto or the Greater Toronto Area looking to refinance your property, one number matters more than most: your Loan-to-Value ratio, or LTV.

At Lendworth, we use your property’s equity—not your credit score—as the foundation for approval. But how do you know how much you can refinance? It starts with understanding your LTV.

🔍 What Is LTV?

Loan-to-Value (LTV) is a percentage that compares the amount of your loan to the appraised value of your home. It tells lenders how much equity you have available—and how much risk they’re taking.

🏡 Why Does LTV Matter?

At Lendworth, we offer refinancing up to 80% LTV—sometimes more in special cases. That means if your home is worth $1,000,000, you could potentially borrow up to $800,000 against it.

💡 The LTV Formula

Here's how to calculate your LTV:

LTV (%) = (Loan Amount ÷ Property Value) × 100

Example:

  • Home Value = $1,200,000
  • Existing Mortgage = $400,000
  • You want to refinance and borrow an additional $300,000
  • New Total Loan = $700,000

LTV = ($700,000 ÷ $1,200,000) × 100 = 58.3%

Your new LTV would be 58.3%—well within Lendworth’s range.

✅ What You’ll Need to Calculate LTV:

  • Your home’s current market value (appraisal or comparables)
  • Your current mortgage balance
  • Any additional funds you want to borrow
  • A calculator (or just ask us!)

💰 What Can You Do With a Refinance?

Refinancing with Lendworth gives you access to your hard-earned equity for things like:

  • Consolidating high-interest debt
  • Funding home renovations
  • Investing in a second property
  • Covering unexpected expenses or business needs

🔓 Ready to Unlock Your Equity?

At Lendworth, we make it easy to refinance with fast approvals, flexible terms, and no income verification required—just equity.

📞 Call us today or use our online form to see how much you qualify for.

Your equity is powerful—let’s put it to work.

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This Father’s Day, Lendworth honours the fathers, grandfathers, and father figures who build strong foundations at home and in life. Read our heartfelt message.