👉 In the world of finance, the "mortgage for 800k house" is a phrase used to describe how borrowing money from a bank or other financial institution can be expensive and may not provide the financial security that people need for buying their dream home.
Imagine you've invested $150,000 into a mortgage to buy a $200,000 home. Now imagine that if your investment drops by 20%, it could become as expensive as borrowing an additional $40k. So, instead of buying the house with $800k (the mortgage amount), you will have to borrow an additional $800k! Example sentence: "I can't believe I just paid off a $300k loan for my new house without having to start paying back that same $300k in interest. Plus, if the market goes down 5% next week, I might have to pay another $50k extra on top of my monthly payments."
