A loan-to-value (LTV) ratio is a financial percentage that compares the amount of a loan to the appraised value of the asset or property being purchased. Lenders use it to measure default risk.
The debt service ratio (DSR) is an important financial metric that measures a company’s ability to meet its debt obligations using its available cash flow.
A Personal Financial Statement (PFS) is a snapshot of an individual’s financial position at a specific point in time, detailing what they own, what they owe, and their net worth
A cash flow statement is a primary financial statement that tracks how actual cash and cash equivalents move in and out of a business during a specific reporting period.
A personal guarantor is an individual who legally promises to repay a debt or fulfill an obligation if the primary borrower or business defaults.
Profit and loss statement is a forward-looking financial report that projects a company’s future revenues, expenses, and net profit based on estimated assumptions and “what-if” scenarios.
