Borrowing Room
Borrowing capacity at 80% of the home's value minus known debt, floored down to the nearest $250 — a ceiling can only be understated, never overstated (D11). A capacity figure, not a recommendation; the term "CLTV" never reaches the borrower.
| Audience | Name |
|---|---|
| Engineering (code) | maxBorrowAt80 |
| Design (UI label) | — |
| Borrower-facing | — |
| Do not use | — |
Sources
- POC code — src/lib/ground.ts
Related
Home Equity, Estimated Home Value
Referenced by
Cash Need, Equity Picture, Home Equity, LTV (Loan-to-Value Ratio)
Naming rules
Borrower-facing copy is plain language — never jargon or program names