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Alright, let's break this down. 'Mortgage 80 LTV' is like a fancy dance move in the mortgage world, but instead of twirling, it's a 80% of the home's value (the 'Loan To Value', or LTV) that a lender is willing to take on as part of your big financial ballet. So, if your house is $400,000 and the loan is 80% of that, it's like borrowing 320 dollars (80/100
400,000). Sounds like a lot of borrowed dough, doesn't it?
Now, here's an edge-on example: "I've been mortgaging 80% of my 6-figure home, feeling like I've traded my dignity for a pile of dollar bills."
