By Admin on Nov 29, 2008 in Renting & Real Estate
Friendlygallookingforanswers asked:
of up to $67,000. I found a property up for auction. If I bid $30,000 for it do you see any problems with getting a mortgage since I have been pre approved for more money? The house has passed an inspection and will easily appraise for more. I am just asking because the mortgage office is closed.
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of up to $67,000. I found a property up for auction. If I bid $30,000 for it do you see any problems with getting a mortgage since I have been pre approved for more money? The house has passed an inspection and will easily appraise for more. I am just asking because the mortgage office is closed.
Create a video blog…instantly.
The pre approval is also contingent upon a % of value on any given house. So, as long as the house is worth more than 30k, and appraises out as such, than you’ll be fine.
Raoul I | Dec 1, 2008 | Reply