2007-01-13 07:21:56 · 3 answers · asked by lucibaby2000 1 in Business & Finance ➔ Renting & Real Estate
Depends. Say you want a house. Fair market value is $400,000. You are getting an awesome deal for $300,000. That means you could to a loan for $400,000. You can only take out as much as your house is worth (in general). Pay down your home then do a heloc. :) or get a second.
2007-01-13 07:28:33 · answer #1 · answered by It's me 3 · 0⤊ 0⤋
If you live in a large enough town or city, there can be real estate papers or booklets given out free at supermarkets and other places. I am sure you've seen them.
Often they list mortgage brokers. If your credit is good enough, it is possible to get a loan up to 110% of the value of the property. Keep in mind that is one heck of a debt load though, and they will charge you a higher interest.
Just be sure you can pay the monthly mortgage.
Good Luck.
2007-01-13 09:43:40 · answer #2 · answered by A_Kansan 4 · 0⤊ 0⤋
Here is an article http://wiz.sc/loans198 with some information on loan options and the best plans.
2007-01-16 20:26:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋