Comments on: How To Obtain A Home Loan For More Than The Home Costs?

By: godged

godged — Tue, 15 Dec 2009 09:34:46 +0000

in addition to what bluey said, yoyr credit score will have to be high too

By: Bluey

Bluey — Tue, 15 Dec 2009 09:21:44 +0000

Cannot be done, period.

By: Leo F

Leo F — Tue, 15 Dec 2009 08:34:51 +0000

The valuation of the house would have to be more than the price you pay by at least the additional amount you want to borrow

By: doinou

doinou — Tue, 15 Dec 2009 07:55:43 +0000

It can not be done no way no how. Who is going to lend you 140K on a 120K home, you can’t even borrow 120K on a 120K house thats 100% financing with no down payment. Your wasting your time.

By: Janet P

Janet P — Tue, 15 Dec 2009 07:28:38 +0000

It is extremely unlikely you will get anything like this. You have to have actual equity in a home to get a Home Equity loan. The banks don’t play that game any more. That’s what caused the housing crash.

By: Tink

Tink — Tue, 15 Dec 2009 07:14:06 +0000

No, there are no loans for more then 96.5% of the sales price, that is as high as it is possible to go.