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Updated about 8 years ago on . Most recent reply

Kareem Arnold's profile image
Kareem Arnold's profile image
Kareem Arnold
  • from Hawthorne, CA
  • Member since Nov 28, 2016
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Kareem Arnold's profile image
Kareem Arnold's profile image
Kareem Arnold
  • from Hawthorne, CA
  • Member since Nov 28, 2016
Connect
Kareem Arnold
  • Hawthorne, CA
1
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4
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Buying & Selling Real Estate

Bank Loans 101 and Extra Cash

Kareem Arnold
  • Hawthorne, CA
Posted

Hi All,

I'm a new member here on Bigger Pockets, my question or scenario is - You are trying to buy a home and get approved for a 200K loan. But the seller agrees to sell the home for 150K. Does the bank still give the full amount that will then allow you to use the extra 50K to renovate the home? 

Thanks in advance

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