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.