What does this sentence mean?

**Silverobama** · 11-Feb-2011, 12:40

Hi,

What does this sentence mean?

A 90% mortgage is one in which the buyer of a house is lent 90% of its cost.

Thanks a lot

**SoothingDave** · 11-Feb-2011, 13:32

It means that if I want to buy a $100,000 home, that a 90% loan will be where I pay $10,000 and the bank loans me 90,000.

**Silverobama** · 12-Feb-2011, 04:02

Thanks a lot

**Silverobama** · 12-Feb-2011, 05:27

What does the "its" stand for in this sentence?

Does it mean "house"?

**Silverobama** · 12-Feb-2011, 12:34

Help, please.

**Raymott** · 12-Feb-2011, 13:16

Originally Posted by Silverobama

What does the "its" stand for in this sentence?

Does it mean "house"?

What else could it possibly stand for?

**Rover_KE** · 12-Feb-2011, 16:26

Silver, note that 90% mortgage would have been a better title for your thread.

Rover

Thread: What does this sentence mean?