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