What's the most i can borrow for a mortgage

For example if you borrow against your house lenders might allow an LTV up to 80. You would have to open up a new loan to borrow against the equity in your home once again if you need more money after the second mortgage is paid off.

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A second mortgage is paid out in one lump sum at the beginning of the loan.

. If your pledged assets lose value for any reason you might have to pledge additional assets to keep a collateral loan in place. In that case if your home is worth 100000 you could borrow up to 80000. The payment amount and the term or length of the loan are fixedthey wont change.

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