Combined Loan to Value (CLTV)

A related term is Combined Loan to Value ratio (CLTV) which considers all loans on the property.  LTV only considers the primary loan but CLTV would include any additional loans such as a Home Equity loan or Home Equity Line of Credit (HELOC). 

An example of CLTV is if a borrower has a $70,000 first mortgage and a $20,000 home equity loan against his/her house, and the property is worth $100,000, then his LTV for the first mortgage is 70 percent ($70,000 / $100,000) and his CLTV is 90 percent ($70,000 + $20,000)/$100,000.