Updated over 5 years ago on . Most recent reply
Buying First Home Under Value, Should I Refinance Right Away?
So my grandmother is moving out of her house to downsize. It's valued at about $175k, however she's letting me buy it FSBO for $130k. I know it's an awesome deal, but I'm unsure exactly how to proceed. If I can only get a loan for the $130k, should I immediately refinance to get the full value? It's my first time in real estate, so any help would be greatly appreciated.