Say we get aproved for 150,000.00 and our house only costs 125,000.00 do we still have an option to keep the extra 25,000.00 that would be left over? JUst wondering how that works. I would think not but i dont know.
Asked by Anonymous at 1:29 PM on Apr. 6, 2009 in Home & Garden
Answer by Bmat at 1:34 PM on Apr. 6, 2009
Answer by PrttyMstng at 1:40 PM on Apr. 6, 2009
Answer by FlyMom07 at 4:08 PM on Apr. 6, 2009
It is a 203K loan. Here is a link that explains...http://www.mortgagesfinancingandcredit.org/mortgages/home-repair-loans/contractors2.htm
Answer by FlyMom07 at 4:11 PM on Apr. 6, 2009
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