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Updated almost 12 years ago on . Most recent reply

User Stats

231
Posts
43
Votes
Chukwudi Motanya
  • Investor
  • Lithonia, GA
43
Votes |
231
Posts

Mortgage Approval

Chukwudi Motanya
  • Investor
  • Lithonia, GA
Posted

Hey everyone hope your enjoying your fridays. I currently looking for multi family properties (Live in one rent the other) and I found a triplex in the area where the numbers fit my investment criteria.
However I've talked to one mortgage broker a few months ago and he told me I would be approved for 300k. The purchase price of the triplex im looking at is under 330k. I wanted to know what people have done in the past when faced with this dilema. I was thinking I could get the price down to 300k, but I am curious to see what other people say.

Thanks again,

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