If you are working on a project with a partner and using two different measuring tapes, take the time to check that both tapes are in synch. Sometimes if the hook end of an older tape happens to get bent, it may throw off the measurement as much as a sixteenth of an inch. That error can be enough to cause problems if you need to do precision work. To doublecheck two metal measuring tapes for accuracy, mark a line at a certain distance on a board, draw the tapes out and compare readings.
The loan to value ratio (LTV) is the amount of money you borrow compared with the price or appraised value of the home you are purchasing. Each loan has a specific LTV limit. For example: with a 95% LTV loan on a home priced at $50,000, you could borrow up to $47,500 (95% of $50,000), and would have to pay $2,500 as a down payment. The LTV ratio reflects the amount of equity borrowers have in their homes. The higher the LTV ratio, the less cash homebuyers are required to pay out of their own funds. So, to protect lenders against potential loss in case of default, higher LTV loans (80% or more) usually require a mortgage insurance policy.