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Updated over 6 years ago,

Evan McLeish's profile image
Evan McLeish's profile image
Evan McLeish
  • from Prince George, B.C
  • Member since Feb 14, 2018
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User Stats

22
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8
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Evan McLeish's profile image
Evan McLeish's profile image
Evan McLeish
  • from Prince George, B.C
  • Member since Feb 14, 2018
Connect
Evan McLeish
  • Prince George, B.C
8
Votes |
22
Posts
Canadian Real Estate

Foreclosure Mortgage application

Evan McLeish
  • Prince George, B.C
Posted

If I purchase a foreclosure for 270 and the appraiser says its worth 320. After i put down 20 percent for the purchase at 270 can i take out the extra equity up to 80/20 loan value. How do i go about taking out the extra money

270 ×.20 =54

270- 54=216

320×.80=260

260-216=44

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