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Borrowing Full Value |
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IF YOU PURCHASE A HOME FOR 195000.00, BUT THE HOME IS APPRAISED @ 210000.00 CAN YOU WHEN BUYING THE HOME EXTRACT THE EQUITY OUT OF THE HOME FOR WHAT IT IS APPRAISED FOR& FIX IT UP? |
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It's getting pretty difficult to borrow right up to the appraised value of a house these days, because credit is tight and lenders are getting much more careful. But you can talk with a couple of mortgage brokers and find out where you stand. It shouldn't cost you anything to get their advice. |
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Edith
Originally published on April 12, 2008 |
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