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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!
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Marcus Auerbach
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Marcus Auerbach
#5 Market Trends & Data Contributor
Agent
Pro Member
#5 Market Trends & Data Contributor
- Investor and Real Estate Agent
- Milwaukee - Mequon, WI
@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
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