How are you? Thank you for your inquiry. It depends how much does the mortgage company or bank has pre-approved you for, that is the only way to find out if you're able to borrow up to $60,000 or not. For example, if they say that you are pre-approved for $100,000, then definitely you're pre-approved for $60,000. However, then it comes down to the purchase price of the home being appraised for the amount that you are buying. If you have a real estate agent working for you, please have him/her to recommend a couple of good and reputable mortgage companies for you to compare the rates and fees. IF you're not working with any real estate agent, I'll be more than happy to assist you further and recommend you some mortgage companies that have closed all of my buyers' deals smoothly!
If you have any questions, please feel free to email or call me at (267) 918-1880.
Thank you for your time and I'm looking forward to hearing from you soon! Have a nice weekend!
Hope that helps!
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Phong Lam, CSM
CENTURY 21 Advantage Gold
2010 Oregon Avenue
Philadelphia, PA 19145
Business: (215) 465-1400, ext. 508
Fax: (215) 336-7793
Mobile: (267) 918-1880
Email: Phong.Lam@c21ag.com http://www.c21ag.com
Professional Profile & Testimonials: http://www.linkedin.com/in/PhongDucLam
To connect with me: http://www.retaggr.com/AddMe/PhongDucLam
Buyers' Info: http://www.facebook.com/TriCountyPhiladelphiaHomebuyers
Sellers' Info: http://www.facebook.com/TriCountyPhiladelphiaHomeSellers
Century 21 Advantage Gold Top 21 Percent Award for 2009!
A referral from you would be the biggest compliment you could give me!
If you're interested, please ask me for your FREE Local Market Report for home values in your area!