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Old 29-01-2021, 10:10 PM   #12
Mont5.0
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Default Re: Home loan Question!

Quote:
Originally Posted by mmhmm View Post
Yes i understand that,

For estimates sake, lets say your approved for say $500,000

Couldn't you buy a home say in the country for about 350k or less which you plan to renovate. Wouldn't they still think with the 2 incomes they can of course part away the risk since they approved for a higher amount yet not using that much?

I just feel its like the banks give you always the short end of the stick !
answered your own question.
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