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  • Stupid question warning
    When buying a new house is the mortgage LTV based on what you pay or what the place is worth?
    E.G. the house is on for 300, but you get it for 280, you get a mortgage for 250, is it a 90% or 85% mortgage?

  • "Value" in the eyes of the bank, like, what they can make back off it if they repossess and sell when someone fails to payback the massively overinflated panic buy they made before the rates went up. :)

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