Your LTV — or loan-to-value ratio — also plays a major role. What does LTV mean? When your mortgage lender refers to LTV, they're talking about your loan-to-value ratio. This ratio shows how ...

Your loan-to-value (LTV) ratio is the principal of your mortgage loan divided by the value of the property you're buying, ...

You can refinance a home equity loan by replacing it with a new home equity loan, a new home equity line of credit (HELOC), or a new, larger first mortgage.