Bank approved and offer accepted,BUT.
Hello everyone!
I've been a long-time lurker on these forums and haven't been on here for a long time, it's great to be back!
So, I'm in Europe visiting family and the market is booming in my home land. I got approved by local bank here for 70% of the purchase price, so I would need to come up with the 30%.
I also put an offer on a property and got accepted. The property was €260,000 and offered €230,000.
My simple question is this, I don't want to use any of my own money, over here cash or loan, it doesn't matter.
So, what would be the best way of going about on getting a loan for amount of €70,000
I come back to the states in a week, and was thinking of getting that portion from my local bank, which comes to about $78,000.
Should I try to go for a line of credit or something else? I don't have a mortgage in the states, and have a very good credit report/score.
Any advice would be great!
Thanks!