Updated over 7 years ago on . Most recent reply
Foreclosure Mortgage application
If I purchase a foreclosure for 270 and the appraiser says its worth 320. After i put down 20 percent for the purchase at 270 can i take out the extra equity up to 80/20 loan value. How do i go about taking out the extra money
270 ×.20 =54
270- 54=216
320×.80=260
260-216=44