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factor for the amount that can be borrowed

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noah

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0.10 Dollars($)

PostPosted: Tue Jan 17, 2006 4:25 pm    Post subject: factor for the amount that can be borrowed

Will the amount that can be borrowed depends on the pre-approved value or the purchase price of the house?
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douglas

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PostPosted: Tue Jan 17, 2006 4:31 pm    Post subject:

Hi Noah,

I think it depends on the lower one of the purchase price or the appraisal value.

Douglas
 
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Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 1835
Location: nevada


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PostPosted: Tue Jan 17, 2006 4:50 pm    Post subject:

In similar cases, I have found that the lenders allow the purchase price of the house to be borrowed.

If you need any extra amount, you have file an application separately for a separate program.

James
 
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noah

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PostPosted: Tue Jan 17, 2006 5:29 pm    Post subject:

I understand. Thanks for the information.
 
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