Using your Mortgage for Extra Borrowing

Using your Mortgage for Extra Borrowing

Article by Zack Ashan – The Mortgage Guru

You cannot borrow more than the price of a home. However, you can borrow more than you actually need. For example, if a home is valued at 0,000, you may qualify for a mortgage of 5,000. But perhaps because of the profits on the sale of your past or existing home, plus other savings, you could potentially put down 0,000

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