Combined Loan to Value Ratio

Example Definitions of "Combined Loan to Value Ratio"
Combined Loan to Value Ratio. Shall mean, with respect to any Second Lien Mortgage Loan, the sum of the original principal balance of such Mortgage Loan and the outstanding principal balance of any related first lien as of the date of origination of the Mortgage Loan, divided by the Appraised Value of the Mortgaged Property as of the origination date.
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