Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply
How to make an offer in this case?
If a property is listed for $450K, I'm pre-approved for $410K, but I do have a HELOC ($140K) to utilized and cover both the DP and the $40K difference, how should I put it on the offer? Would the mortgage company have any reasons to go against this offer and not giving me the mortgage? Thank you!
Most Popular Reply
Marcus Auerbach
Agent
Pro Member
- Investor and Real Estate Agent
- Milwaukee - Mequon, WI
- 6,465
- Votes |
- 4,494
- Posts
@Amily Yi-Chieh Tseng talk to your lender, your PA is probably not max. You need a PA to cover the full offer price to be taken seriously by the seller. If you work with a random lender, national big box bank etc ask your agent for a local lender.
- Marcus Auerbach
- [email protected]
- 262 671 6868
On Point Realty Group - Keller Williams
51 Reviews
5.0 stars