👉 Okay, let’s tackle this frankly rather pointy-sounding beast of a financial mouthful – "Motive 95! That's what I yell every time I see that number on my mortgage paperwork.” It basically boils down to a ridiculously aggressive amount of borrowing. Let’s unpack it, because honestly, the phrasing itself is already enough to give you a mild systems reboot.
What exactly does "Motive 95 LTEV" mean anyway? Okay, here's where we get into nerd territory, and frankly, I feel like I need a stiff mimosa afterwards just explaining it: Motive: This is the fancy, slightly terrifying term for the amount of your loan that you actually have to come up with upfront. Instead of saying "down payment," you're essentially stating what percentage of the total purchase price you’re throwing directly into the maw of the lender. 95! It means you're ponying up a whopping 95% of the full, eyeballs-on cost of your freaking house! (It is worth a whole lot of money to actually buy it.) LTV:’s...Loan To Value?....What in the Dickens?! “LTV,” or Loan To Value, measures the amount you borrow relative to how much that asset, the house, is actually worth. So, if your house costs $300,000
