Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
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mrsmeri1104
Board Fanatic
Member since 10/03 618 total posts
Wedding Date:
11/5/2004 5:30 PM
Wed. Location:
The Riviera at Massapequa
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Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
I was wondering how that works.
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Posted 6/3/05 2:34 PM 
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Preshy7
I love being his wife
Member since 12/04 4958 total posts
Wedding Date:
4/22/2006 3:00 PM
Wed. Location:
Hamlet Willow Creek - PERFECTION
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
i was told we were not allowed to do that- that the bank wont give you more money than your house is worth
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Posted 6/3/05 2:42 PM
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coxmandi
I'm MARRIED!!!!!!!!
Member since 12/04 1496 total posts
Wedding Date:
3/11/2006 3:30 PM
Wed. Location:
Merchant Marine Academy
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
Most banks will lend you money up to a certain percentage of the value of the home. If you house appraises for more money than you are paying you can usualy take out a home equity loan to pay for repairs and stuff.
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Posted 6/3/05 3:51 PM
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LuvMyMichael
My First My Last My Everything
Member since 3/04 3975 total posts
Wedding Date:
11/19/2006 1:00 PM
Wed. Location:
Giorgio's - A+
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
I didn't know you could do that. 
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Posted 6/3/05 4:34 PM
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Blu-ize
My House
Member since 8/04 8306 total posts
Wedding Date:
2/28/1998 6:00 PM
Wed. Location:
East Meadow Jewish Center
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Re: Repost from ILF: A little personal but did any of your take extra money above the selling price on you mortgage for home improvements?
Also if you put money down, you usually can pull that equity out immediatley.
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Posted 6/6/05 3:21 PM
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