can I get a loan of $60000 for my mortgage while I deposit 10%down payment?

Asked by Khan, Hydaburg, AK Sun Apr 10, 2011


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Phong Lam, Agent, Philadelphia, PA
Sun Apr 10, 2011
Hi Khan,

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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Best Regards,
Phong Lam, CSM
CENTURY 21 Advantage Gold
2010 Oregon Avenue
Philadelphia, PA 19145
Business: (215) 465-1400, ext. 508
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Mobile: (267) 918-1880
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0 votes
Dallas Texas, Agent, Dallas, TN
Sun Apr 10, 2011
Best way to determine if you can be approved is contact a mortgage broker apply for a home loan
0 votes
Jim McCowan, Agent, Arlington, VA
Sun Apr 10, 2011
It'll depend on the apprasied value of the property.
0 votes
Phil Rotondo, Agent, Melbourne, FL
Sun Apr 10, 2011
Good Morning Khan;
It's possible; but to be sure, contact your bank or a local lender.
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