Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
mrsmeri1104
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Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
I was wondering how that works.
Preshy7
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
i was told we were not allowed to do that- that the bank wont give you more money than your house is worth
coxmandi
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
Most banks will lend you money up to a certain percentage of the value of the home. If you house appraises for more money than you are paying you can usualy take out a home equity loan to pay for repairs and stuff.
LuvMyMichael
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
I didn't know you could do that.
Blu-ize
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
Also if you put money down, you usually can pull that equity out immediatley.
