Banks keep a lien that is first mortgage on the property against which the loan is taken. (relakhs.com)
For example, if you have an $ 80,000 first mortgage on a property with an appraised value of $ 100,000, the LTV is 80 % ($ 80,000 / $ 100,000 = 80 %). (bankofamerica.com)
One of the best ways to get your initial money back is to simply put a new first mortgage on the property that covers your existing mortgage and also the initial equity you put in with your down payment. (adamsinvestorgroup.com)