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HomeForumsMortgage Brokers & LendersLine of Credit based on Appraisal
Dave W's profile image
Dave W's profile image
Dave W
  • Real Estate Investor
  • from Virginia Beach, Virginia
  • Member since Feb 29, 2008
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Dave W's profile image
Dave W's profile image
Dave W
  • Real Estate Investor
  • from Virginia Beach, Virginia
  • Member since Feb 29, 2008
Connect
Dave W
  • Real Estate Investor
  • Virginia Beach, VA
2
Votes |
35
Posts
Mortgage Brokers & Lenders

Line of Credit based on Appraisal

Dave W
  • Real Estate Investor
  • Virginia Beach, VA
Posted Jan 2 2009, 05:09

Is it possible to establish a line of credit based on the Appraisal value of a property?

I've only tried BOA, they want to use the purchase price to determine the amount of equity.

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