Loan-to-value, simply
LTV is your loan balance divided by your home value. Most lenders prefer 80% or below for the best terms, and a cash-out refi adds the cash amount on top of that balance.
Why an updated value matters
If your value has risen, your effective LTV may have dropped enough to remove PMI or unlock a better rate tier. If it has softened, it's better to know before you apply.
What an instant estimate misses
Automated estimates don't know your finished basement or your kitchen remodel. A CMA narrows the range so you walk into a lender conversation with a defensible number.
A few honest notes
- This is an estimated opinion of value, not an appraisal.
- A full CMA may require reviewing property condition, updates, location, and recent comparable sales.
- No estimate is guaranteed.
- Refinancing, HELOC, insurance, and tax decisions should be reviewed with the appropriate licensed professional.