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Tag Archives: Bank Loan
First time home buyer. How much will the bank loan us?
gidget asked: The house is appraised at $90,000. We are approved for it, however, the seller is only asking $85000 for it. I have no idea about mortgages! This is my first one and I’m wondering if we can borrow … Continue reading
Posted in Renting & Real Estate
Tagged Bank Loan, First Time Home, First Time Home Buyer, Home Equity Loan, Jerks, Mortgages, People, Time Home Buyer
11 Comments
Is my home equity line of credit included in a bank’s Loan-to-Value calculation?
oizuki asked: I’m looking to refinance my house and while the loan amount on my first mortgage is 800K, my house is appraised at $1M. However I also have a home equity line of credit for $100K. I’m only looking … Continue reading