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Updated almost 11 years ago,

Christopher Dorman's profile image
Christopher Dorman's profile image
Christopher Dorman
  • from Newark, Delaware
  • Member since Apr 18, 2014
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Christopher Dorman's profile image
Christopher Dorman's profile image
Christopher Dorman
  • from Newark, Delaware
  • Member since Apr 18, 2014
Connect
Christopher Dorman
  • Newark, DE
0
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4
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Buying & Selling Real Estate

Private Lender question

Christopher Dorman
  • Newark, DE
Posted

Hello everyone, I'm a rookie, no deals yet, but I have a question. If you borrowed more money than you needed from a private lender, would you get a check at closing for the extra amount? Ex. $200,000 asking price, $150,000 accepted offer, $155,000 loan amount.

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