What does FTV stand for?

FTV, or financing-to-value, commonly known as loan-to-value (LTV), represents the percentage of a property's purchase price that a lender is willing to finance through a mortgage. For example, if you are purchasing a home valued at AED 1 million with an 80% FTV, the lender will provide AED 800,000, while you will need to contribute AED 200,000 as your down payment.

Understanding FTV is crucial for potential homebuyers, as it directly impacts how much you can borrow and how much you need to save for a down payment.