can i get a mortage for more than what a property is worth, if so how much more?

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can i get a mortage for more than what a property is worth, if so how much more?

2006-10-03 09:39:03 · 3 answers · asked by funboy 1 in Home & Garden ➔ Other - Home & Garden

3 answers

Most likely no. The mortgage company will have the property appraised and will go by that figure. They may go alittle more,i.e. $5000, but usually try to stay pretty close to the appraised value.
They want to make sure they get their money back if you default on the loan.

2006-10-03 09:53:43 · answer #1 · answered by bugear001 6 · 0⤊ 0⤋

Yes. It all depends on your income, credit rating, points, etc.
Email me if you need more information.

2006-10-03 16:40:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋

depends on the mortgage company that you finance with and if they will allow you to do it.

2006-10-03 16:41:22 · answer #3 · answered by mysterious_yet_sweet 3 · 0⤊ 0⤋