Quote:
Originally Posted by MattO
If you can get it appraised for an amount, you might be able to get a good percentage of the appraisal value.
I just refinanced my house for the appraised value, which was much more than what I purchased it for 3 years ago. I got the loan for 80% of the new value, which paid off the old loan and put a bunch of cash in my hand.
Now, this was a refinance, I don't know how tough it would be to do that with a new purchase, you need to talk to your broker.
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yeah, that is what I was hoping they would do..i know they do that with refinances all the time, im just hoping they do it with a new purchases too. i dont see why they wouldn't, but who knows.