Home Loan For More Than The Purchase Price

Home Loan For More Than The Purchase Price

No. Your lender will only give you a mortgage loan UP TO the appraised price – not $1.00 over. The issue is your lender technically owns your new home until the loan is paid in full (about 25 – 30 yrs. later). Therefore, your lender refuses to pay more for the home than what the appraiser says it is worth today.

Comments are closed.
Cookies | Terms and Conditions
^