Posts Tagged Options

Is it possible, as a first time home buyer, to get a home loan and have money left over for renovations?

Posted by admin in renovation on November 8th, 2011

home renovation
For example: Can I take out a loan for $100,000 but buy a house for $90,000 and use the rest for renovations? If not, what options do I have to immediately make renovations to my home?

Real Estate Professionals

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6 Comments

I own a home and want to sell it quick. “We Buy Houses” is something I’m looking at?

Posted by admin in house sale on October 19th, 2011

sell house quick
My question is, if they make me an offer that is less than what I owe to the mortgage company, what happens to the remainder of the money? I thought perhaps they would refinance the remainder, but at that point I’d have nothing as collateral. Does anyone know?
I am looking at trying to sell my home because my husband lost his job three months ago. With no prospects in the horizon, and only one income I am able to handle the other bills, but not able to pay the mortgage at the same time. I never thought I would find myself in this position so, I’m just looking at all options to figure out which one will cause the least damage to our credit.

Passive Income

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9 Comments