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Approved for More
  If you get approved for more then the price listing for a house, can you use the extra money for repairs?
 
  No.  The lender won't lend you the whole value of the house either.  They want their loan to be safe, and that requires a down payment from you, and a debt that's less than the place could be sold for.
    Edith
Originally published on July 28, 2008
 
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