LTV or “Loan-to-Value” is the ratio that tells lenders how Upside-Down you are on your collateralized loan. … Continue readingCredit 201: “Loan-To-Value: A Buyer’s Guide to Being Right Side Up!”
Anyone that tells me they “always get GAP” or “never get GAP” has made a foolish error. The decision of whether to get a GAP policy or not get a GAP policy is one that should be made completely based on the actual numbers, NOT opinions or preferences. I’ll walk you through what GAP is, how to tell whether you need it or not, and how to make sure you don’t pay too much for it. … Continue readingCredit 201: “GAP Policy; Do I Need It? Maybe.”