Having a low Loan-to-Value (LTV) ratio can be advantageous when it comes to securing a mortgage. LTV is the amount of the loan compared to the appraised value of the property. The lower the LTV, the more equity there is in the property, which makes the loan less risky for the lender.

Having a low LTV can make it easier to secure a mortgage because lenders generally prefer borrowers who have more equity in the property they are purchasing or refinancing. When you have a low LTV, you have more equity in the property, which means the lender has a better chance of recouping their investment if you default on the loan.

A low LTV can also result in lower interest rates and more favourable loan terms. Lenders are typically more willing to offer lower interest rates and better loan terms to borrowers with a lower LTV because they represent less risk.

Overall, having a low LTV can increase your chances of securing a mortgage and can potentially save you money in interest over the life of the loan. However, other factors such as credit score, income, and debt-to-income ratio will also be taken into consideration by lenders when evaluating your mortgage application.

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