Should i have fun with a property equity loan to help you consolidate debt? The mortgage-to-value (LTV), is short for extent your debt into the house than the its economy value. The fresh shared mortgage-to-really worth (CLTV) is sold with the financing up against the property, including a property guarantee financing or HELOC. When you yourself have a home that’s worth $400,000 therefore owe $260,000 for the mortgage lender, you may have $140,100000 inside equity. So it compatible a 65% LTV. [260,one hundred thousand / 400,one hundred thousand = 0.65 x a hundred = 65%] For those who have good $260,000 real estate loan balance and take out an enthusiastic $80,100 house security mortgage, you borrowed from $340,100 full against the property.