Updated over 7 years ago on . Most recent reply
Delayed Financing - Scenario
Is the following scenario possible with “delayed financing”: purchase property all cash for $75k. Do no additional work. Property appraises for $100k shortly thereafter (say, within 3 months). Obtain a mortgage for $75k (75% LTV; 100% LTC)?
If so, what type of lender would offer that type of financing?



