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can I get equity cash out of home at purchase

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swtdkcocoa Joined: 22 Jan 2010 Posts: 1 1.24 Dollars($)	Posted: Fri Jan 22, 2010 6:13 pm    Post subject: can I get equity cash out of home at purchase Like 0 Dislike 0 I was told equitycash out at closing is legal. Mortgage company is aware. Purchase $500k appraised value is $575k
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Mon Jan 25, 2010 8:13 am    Post subject: Like 0 Dislike 0 it's true that on a purchase transaction you cannot get cash back. who would have ever described such a situation as normal? _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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