Understanding mortgage renewals and loan to value ratio - 1 views

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  #1 wilova on 28 Jan 23

   

  I was having trouble understanding how mortgage renewals work, specifically some general discussion about how the new interest rate is computed. I had read that there might be certain loan to value (LTV) ratio bands used to compute the new interest rate.
  
  Are there any good articles out there specific to Canada that could tell me what LTV amount to shoot for on a renewal commercial mortgage loan to value? Is this even something that matters or is every mortgage assessed independent of the LTV?

   

  <div class="cArrow"> </div><div class="cContentInner">I was having trouble understanding how mortgage renewals work, specifically some general discussion about how the new interest rate is computed. I had read that there might be certain loan to value (LTV) ratio bands used to compute the new interest rate. <br /> <br /> Are there any good articles out there specific to Canada that could tell me what LTV amount to shoot for on a renewal <a href="https://commercialmortgagetruerateservices.com/" rel="nofollow">commercial mortgage loan to value</a>? Is this even something that matters or is every mortgage assessed independent of the LTV?</div>

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