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Updated almost 8 years ago on . Most recent reply
Bought a Home with Cash now I need a mortgage
Hello
I bought a home with cash for 92,000.00 and at this point I am all in for 140k The property appraises for 175k. I want to get a mortgage on it so I can pull 140k cash out and install a renter. Is this possible to do?
If so what terms and rates should I expect from lenders? Will there be a lot of closing and origination fees? What type of lenders are the best to approach for this transaction?
Thank you