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Updated almost 7 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Tom Sawatske
  • Rental Property Investor
  • Minneapolis, MN
1
Votes |
8
Posts

Delayed Financing - Scenario

Tom Sawatske
  • Rental Property Investor
  • Minneapolis, MN
Posted
Is the following scenario possible with “delayed financing”: purchase property all cash for $75k. Do no additional work. Property appraises for $100k shortly thereafter (say, within 3 months). Obtain a mortgage for $75k (75% LTV; 100% LTC)? If so, what type of lender would offer that type of financing?

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