Combined Loan-To-Value Ratio (CLTV Ratio)

Corporate Finance Financial Ratios Financial Terms Dictionary

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CLTV is similar to LTV but includes all mortgages or liens, not just the first mortgage.

Lenders consider the CLTV ratio when determining whether a home buyer can afford to buy a home.
The real estate bubble of 2008-2009 underlined the relevance of monitoring the CLTV ratio.