the value of your home could be $100,000 and the cost of the home could be 50,000. You can
refinance your home for up to 70% of the value or $70,000, payoff the first and do what you please
with the extra $30,000. When you are initially buying the house you cannot finance it for more
than you are paying for it unless it is a 203K FHA mortgage.
There is not enough detail in your question.
I know this guy can be helpful: firstname.lastname@example.org
Bob Tranchell Total Mortgage Services LLC (508) 367-5731 cell
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